Coinbase has announced the launch of its international exchange platform, Coinbase International Exchange. The platform aims to offer a safe, secure, and transparent way for institutional investors outside of the US to trade perpetual futures of cryptocurrencies such as Bitcoin and Ethereum.
Coinbase believes that the world is moving towards a crypto-centric future, and it is committed to supporting this shift by building trusted products and expanding the adoption of cryptocurrencies. The company believes that crypto and blockchain technology have the potential to enhance economic freedom and opportunity globally, and its latest move aims to support the updating of the financial system worldwide.
Coinbase’s perpetual futures contracts, which accounted for 75% of global crypto trading volume in 2022, create highly liquid markets that offer traders increased versatility in their trading strategies. The launch of Coinbase International Exchange is expected to bring high standards of customer protection, a robust risk management framework, and high-performance trading technology to institutional clients in eligible, non-US jurisdictions.
The contracts are settled in USDC, and no fiat on-ramps are required. Initially, the contracts offer up to 5x leverage, and direct access trading via API is available to institutional clients in eligible, non-US jurisdictions. Retail customers are not yet able to access these products.
Coinbase International Exchange is working with high-bar global regulators, including the Bermuda Monetary Authority (BMA), to develop additional solutions and products that adhere to strict compliance standards. The BMA is known for its high level of transparency, compliance, and cooperation, and it is a member of several international organizations that help ensure its financial sector is in line with international standards and best practices.
In addition to Bermuda, Coinbase has also secured regulatory licenses in other jurisdictions, including Germany and the United Kingdom. The company’s commitment to regulatory compliance and customer protection has made it a leader in the crypto industry, and its expansion into international markets through the launch of Coinbase International Exchange is a testament to its vision of increasing economic freedom and opportunity around the world.
The launch of Coinbase International Exchange comes at a time when the crypto industry is experiencing significant growth and increased adoption. More and more institutional investors are looking to invest in digital assets, and the demand for reliable and secure trading platforms is on the rise. With its reputation as a trusted leader in the industry, Coinbase is well-positioned to meet this demand and expand its reach to a global audience.
While Coinbase’s focus on international markets is a significant step forward for the company, it has not forgotten its roots in the United States. In fact, the company believes that the US could benefit greatly from embracing crypto and blockchain technology. Coinbase has been working closely with regulators in the US to develop a regulatory framework that supports innovation while also ensuring customer protection and market integrity.
As the crypto industry continues to evolve, Coinbase’s commitment to innovation, customer protection, and regulatory compliance will remain at the forefront of its mission. The launch of Coinbase International Exchange is just the beginning of the company’s expansion into global markets, and it is sure to make a significant impact on the industry and the broader financial system as a whole.
In conclusion, Coinbase’s launch of its international exchange marks a significant milestone in the company’s history and the crypto industry as a whole. With its focus on regulatory compliance, customer protection, and innovation, Coinbase is well-positioned to become a leader in the global crypto market and expand economic freedom and opportunity around the world. The launch of Coinbase International Exchange is just the beginning of what promises to be an exciting journey for the company and its customers.
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