Coinbase opens offshore crypto derivatives exchange in Bermuda
Defi and Exchanges

Coinbase opens offshore crypto derivatives exchange in Bermuda

Coinbase, the San Francisco-based crypto exchange, has announced the launch of its offshore crypto derivatives exchange in Bermuda. The move comes as the company looks to expand its offerings and reach a global audience.

Indeed, the rumor had been swirling for several weeks in the crypto-sphere. Sources reported in March that Coinbase was thinking of setting up a crypto-trading platform abroad as the regulatory environment in the United States is now becoming more and more burdensome. It’s done.

Coinbase International Exchange!

Coinbase International Exchange will allow institutional users based in eligible regions outside the United States to trade perpetual futures,” Coinbase wrote in a blog post.

The U.S. firm, in the midst of a legal battle with regulator SEC, finally announced on Tuesday that it will open a crypto derivatives exchange in Bermuda, a jurisdiction in which the digital asset pioneer recently secured a license.

According to the San Francisco-based company, perpetual futures accounted for nearly three-quarters of the trading volume in the crypto market last year. For Coinbase, these financial instruments help create “highly liquid markets” and offer investors “more versatility” in their trading strategies.

“Executing the next chapter of the company’s Go Deep, Go Broad global expansion strategy, Coinbase International Exchange brings the safest and most trusted name in crypto to the global derivatives market,” the exchange added.

Article written by:

Laeti Marison, also known as SatoshiBelle, is a multifaceted professional with a passion for community management, content creation, and digital marketing. With a diverse background in various roles, Laeti has consistently demonstrated her expertise and dedication in the field. Recognizing her potential, Laeti then took on the responsibilities of a Project and Community Manager at Magna Numeris and Cartam from November 2018 to March 2021. In this role, she showcased her ability to successfully lead projects and foster strong relationships within the community. Currently, Laeti serves as an SEO content writer, Digital Marketing Manager, and co-founder at magazine, starting from February 2022 till now. Through her expertise in digital marketing and her passion for the crypto industry, she has contributed to the success of the magazine, ensuring its content remains relevant, engaging, and informative.

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