- Coinbase launches Coinbase International Exchange, offering institutional users in eligible jurisdictions outside the US the ability to trade perpetual futures contracts settled in USDC, with a high level of customer protection and risk management frameworks, as part of its mission to update the financial system by building trusted products that expand the utility and adoption of crypto worldwide, while also partnering with high-bar global regulators and obtaining regulatory approval from the Bermuda Monetary Authority.
In order to increase the usability and adoption of cryptocurrencies around the world, Coinbase is on a mission to assist modernize the financial system. In order to support this initiative, Coinbase has introduced the Coinbase International Exchange, which enables institutional users in qualifying non-US jurisdictions to trade perpetual futures contracts settled in USDC. Users will have access to a high level of client protection, a strong risk management framework, and high-performance trading technology through Coinbase’s global perpetual futures exchange.
Coinbase is committed to collaborating with stringent international authorities to create new solutions and goods that take advantage of its strict regulations for client security and risk management. The Bermuda Monetary Authority (BMA) has granted Coinbase regulatory certification in order for it to begin operating its global exchange. Bermuda is renowned for having a high standard of openness, observance, and collaboration, making it the perfect regulatory partner for Coinbase.
“Coinbase is dedicated to partnering with high-bar regulators across US and non-US jurisdictions to help update the financial system by developing additional solutions and products, leveraging our high standards of customer protection and robust risk management frameworks. With the recent approval of our regulatory license from the Bermuda Monetary Authority (BMA), today we are excited to announce the launch of Coinbase International Exchange.”
https://www.coinbase.com/blog/introducing-coinbase-international-exchange
According to Coinbase, global economic freedom and opportunity may be increased via cryptocurrencies and blockchain technology. As more and more countries move forward with responsible crypto-forward regulatory frameworks, Coinbase hopes that the US will take a similar approach instead of relying on regulation by enforcement. Despite its dedication to the US, Coinbase’s entry into foreign markets is a logical step in bringing the safest, most reputable cryptocurrency brand to the world market.
