Leading US cryptocurrency exchange Coinbase has launched Coinbase International Exchange, which offers 5x leverage and aims to serve customers outside the US.
Derivatives exchange that will serve the global cryptocurrency community, Coinbase shared in a blog post. Coinbase International Exchangeannounced that it has implemented First stage 5x leverage The exchange offers a liquidation framework that meets rigorous compliance standards as well as a solid trading experience delivered in partnership with a number of external market makers ready to provide liquidity. Currently only on the stock market Bitcoin/USDC And Ethereum/USDC trading pairs.
From the Bermuda Monetary Authority (BMA) received editor. licence Acting in line with this principle and expanding globally, Coinbase aims at high standard customer protection.
For the global cryptocurrency industry reliable products Emphasizing the importance of developing the stock market, the entire market volume of futures transactions 75%He also underlined that it was
Building trusted products that expand the use and adoption of crypto for a global audience has been the foundation of our strategy since our inception. The need for a reliable, secure and transparent leader in global crypto markets has never been stronger. Coinbase International Exchange will allow institutional users located in eligible non-US jurisdictions to trade futures. Futures accounted for approximately 75% of global crypto trading volume in 2022, creating highly liquid markets and offering investors additional versatility in their trading strategies.
Coinbase, which has been struggling with pressure from US regulatory agencies for a while, of the US Securities and Exchange Commission (SEC) He strongly opposed the Wells notification he sent to the stock market and gave the signals that he would open up to the global market. Including the US’s regulatory stance in its statement, Coinbase used the following statements:
You can be sure Coinbase is affiliated with the US, but countries around the world are increasingly improving their regulatory frameworks to strategically position themselves as crypto hubs. We continue to wait for the US to put aside a disappointing trend for crypto development in the country and take a more constructive stance on regulation.