Coinbase Launches Coinbase International Exchange Amidst Regulatory Crackdown On Crypto Industry

Coinbase has announced the launch of Coinbase International Exchange which allows institutional users in eligible jurisdictions outside of the US to trade perpetual futures, which constituted nearly 75% of the global crypto trading volume in 2022, creating highly liquid markets and offering traders added versatility in their trading strategies.

By expanding its reach with a global perpetual futures exchange for digital assets, Coinbase aims to make its trusted products and services more accessible to users of digital assets outside of the US, thereby supporting the updating of the financial system. As more markets worldwide move forward with regulatory frameworks to become crypto hubs, Coinbase sees the moment as being opportune for launching this international exchange.

Coinbase International Exchange is designed with high standards of customer protection, a robust risk management framework, and high-performance trading technology, including:

• Real-time 24/7 - 365 risk management
• Liquidity provided by external market makers - no proprietary trading
• Dynamic margin requirements and collateral assessments
• Liquidation framework that meets rigorous compliance standards
• Well-capitalized exchange to support tail market events

BTC and ETH perpetual futures contracts have been listed on Coinbase International Exchange. Trading is settled in USDC, with no fiat on-ramps required. The contracts initially offer up to 5x leverage. Institutional clients in eligible, non-US jurisdictions can access direct trading via API, although these products are currently unavailable to retail customers.

Coinbase is focused on partnering with high-bar global regulators to develop a regulatory framework that allows for crypto innovation and increases economic freedom worldwide. The company's commitment to the US remains strong, but they recognize that other countries are strategically positioning themselves as crypto hubs by adopting responsible regulatory frameworks. The launch of Coinbase International Exchange is an expansion of their trusted brand to the global market. The exchange is proud to work with the Bermuda Monetary Authority, a well-respected financial regulator known for its high level of compliance, transparency, and cooperation with other regulatory agencies.

Resources:
Coinbase Blog