Coinbase Weighs Non-U.S. Trading Platform
Coinbase, a US-based cryptocurrency exchange, is considering opening a crypto-trading platform in another country, according to Bloomberg, citing people familiar with the plans.
A decision on the location of such a trading platform has yet to be made, even though US regulators are cracking down on cryptocurrency.
Coinbase is not the only one. Several other US-based crypto firms are looking for new banking partners in other countries.
A spokesperson for Coinbase told that as the exchange is looking to increase global crypto adoption, it assesses geographic options and is meeting “with government officials in high-bar regulatory jurisdictions.”
(With inputs from Shikha Singh)
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