US cryptocurrency exchange Coinbase is starting to play a more active role in the international market, opening spot trading.
Coinbase Global Inc.’s institutional customers, starting tomorrow Currently, derivative transactions are dominant on the platform USDC using parities Bitcoin and Ethereum You will be able to make spot transactions with.
As the platform grows, the company more crypto money plans to support.
Greg Tusar, enterprise product manager at Coinbase. “Keeping spot and derivatives trading together is really important. These help each other and create a deep and liquid market. “This is part of an aggressive and very exciting roadmap.” said.
Coinbase is open to non-US institutional investors. with perpetual futures contracts It introduced its international platform on which it can conduct transactions in May. According to Tusar’s statement, having both spot and derivative transactions on the same platform can help increase transaction volume.
US Securities and Exchange Commission (SEC), illegally He filed a lawsuit against Coinbase for allegedly operating an exchange. Coinbase, the country’s largest cryptocurrency exchange, does not accept the SEC’s claims.