Leading cryptocurrency exchange Coinbase lists the Worldcoin token, which is at the center of the controversy, in futures transactions. The exchange also announced that it will add Ordinals to its futures list. By the way, it should be noted that the exchange does not list either token on spot. Elsewhere, Coinbase has been licensed to register in Canada under the Canadian Securities Administrators (CSA). The move comes amid regulatory challenges in the US. It also highlighted differences in regulatory environments.
Futures trading good news from Coinbase to WLD and ORDI!
cryptokoin.comAs you follow from , crypto exchanges continue to list new tokens at full speed. A final move came from the leading crypto exchange Coinbase. Coinbase International, the stock exchange’s global futures platform, announced that it will add two altcoins to its list. The exchange will open Worldcoin (WLD) and Ordinals (ORDI) to trading on April 11. In this context, Coinbase made the following statement:
CoinbaseIntExch will add support for Ordinals and Worldcoin perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our ORDI-PERP and WLD-PERP markets will begin on April 11, 2024 at 12:30 CET or later.
Coinbase Gets Canadian License Amid US Regulatory Pressure
Amid increasing regulatory scrutiny in the United States, Coinbase has made a new move. Accordingly, the exchange received a registration license in Canada. Thus, it positioned itself for further international expansion. In this context, the stock exchange announced the following development as follows:
We are now registered as a Restricted Dealer in Canada. This makes us the first international and largest exchange registered there.
This success is a milestone for Coinbase. The license allows Coinbase to operate legally in Canada under the supervision of the Canadian Securities Administrators (CSA), which is registered as a restricted dealer in Ontario. Coinbase and other US crypto firms face regulatory pressure in the US. Therefore, the company’s acquisition of a Canadian license underscores its efforts to expand its operations abroad. As stock exchange representatives noted, the regulatory environment in Canada contrasts with the United States. Additionally, crypto companies find Canada’s approach friendlier.
First international crypto exchange registered in Canada!
Coinbase’s journey to obtain its Canadian license involved strategic efforts, including the filing of a pre-registration commitment (PRU) followed by an official launch in August of the previous year. Lucas Matheson, Coinbase’s country director for Canada, highlighted the company’s dedicated work with regulators over the past three years to ensure compliance and build a compliant platform in Canada.
The Canadian market brings important opportunities for the stock market. Coinbase sees its registration as a critical step in facilitating access to the digital economy for millions of Canadians. Because the company has become the first international cryptocurrency exchange registered in Canada. This puts Coinbase in a strategic position to capitalize on Canada’s booming crypto market.
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