Coinbase Launches Derivatives Exchange
As part of its international expansion strategy, Coinbase, the leading cryptocurrency exchange based in the United States, has launched a derivatives exchange in Bermuda. This move comes at a time when Coinbase is dealing with a number of regulatory issues in the United States.
According to Coinbase’s most recent announcement, the platform will be known as the Coinbase International Exchange and will offer a robust trading experience with the assistance of a number of external market makers eager to provide liquidity. It will also have a liquidation framework that meets stringent compliance standards.
The move marks Coinbase’s latest step into derivative trading, which is one of the most popular sectors of the global cryptocurrency market, although being essentially barred from operating in the United States — as it requires substantial regulatory and compliance monitoring.
(With inputs from Shikha Singh)
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