Coinbase Launches Global Crypto Futures Exchange
Coinbase, one of the world’s largest cryptocurrency exchanges, has announced the launch of a global cryptocurrency exchange. Outside of the US, the platform will allow institutional investors — not individual retail users — to trade ‘perpetual futures’ in Bitcoin and Ether. The latter are a type of futures contract — a type of investing tool in which institutions can speculate on the price of a commodity, in this case Bitcoin and Ether, at a future date.
Coinbase announced in a press release that the international exchange has received regulatory approval from the Bermuda Monetary Authority. According to the company, the exchange can provide investment firms with diversified investment opportunities while also providing liquidity — a key factor that investors consider.
(With inputs from Shikha Singh)
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