{"id":20503,"date":"2023-05-02T22:23:55","date_gmt":"2023-05-02T22:23:55","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/coinbase-launches-international-exchange-for-bitcoin-and-ether-perpetual-futures-bitcoin-news\/"},"modified":"2023-05-02T22:23:55","modified_gmt":"2023-05-02T22:23:55","slug":"coinbase-launches-international-exchange-for-bitcoin-and-ether-perpetual-futures-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/coinbase-launches-international-exchange-for-bitcoin-and-ether-perpetual-futures-bitcoin-news\/","title":{"rendered":"Coinbase Launches International Exchange for Bitcoin and Ether Perpetual Futures \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Coinbase, the San Francisco-based cryptocurrency exchange, recently announced the launch of a new service called Coinbase International Exchange. The new platform will enable institutional users outside of the United States to trade bitcoin and ethereum perpetual futures. The company stated in a tweet that the service will begin by offering perpetual futures settled in USDC with up to 5x leverage to institutional clients in eligible jurisdictions.<\/strong><\/p>\n

Coinbase Reveals Bitcoin and Ethereum Perpetual Futures Settled in USDC With up to 5x Leverage<\/h2>\n

The launch<\/a> of Coinbase International Exchange follows the company\u2019s approval to operate its digital currency operations in Bermuda, which was granted<\/a> by the Bermuda Monetary Authority (BMA).<\/p>\n

In a blog post<\/a>, Coinbase noted that \u201cbuilding out a global perpetual futures exchange for digital assets will help support an updating of the financial system by making Coinbase\u2019s trusted products and services more accessible to users of digital assets who live outside of the [United States].\u201d<\/p>\n

Coinbase added:<\/p>\n

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As more and more markets are moving forward with regulatory frameworks to become crypto hubs, we believe the moment is right to launch this international exchange.<\/p>\n<\/blockquote>\n

The company insists that the Coinbase International Exchange provides a \u201cliquidation framework that meets rigorous compliance standards\u201d and will include real-time 24\/7 trading and liquidity provided by external market makers.<\/p>\n

The announcement comes after Coinbase received<\/a> a Wells notice from the U.S. Securities and Exchange Commission (SEC) for potential violations. Following the notice, Coinbase filed an action suit<\/a> against the SEC for lack of regulatory clarity and also shared<\/a> its Wells response with the public shortly after.<\/p>\n

Coinbase notes that while other jurisdictions are moving forward with crypto-forward regulatory frameworks, it would like to see the United States take a similar approach instead of regulation by enforcement, which has led to a disappointing trend for crypto development in the country.<\/p>\n

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Bermuda<\/a>, Bitcoin<\/a>, Coinbase<\/a>, compliance standards<\/a>, Cryptocurrency Exchange<\/a>, Ethereum<\/a>, institutional users<\/a>, international exchange<\/a>, perpetual futures<\/a>, regulatory frameworks<\/a>, SEC<\/a>, USDC<\/a><\/div>\n<\/div>\n

What impact do you think the launch of Coinbase International Exchange will have on the institutional adoption of cryptocurrencies outside of the United States? Share your thoughts about this subject in the comments section below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 7,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, Sergei Elagin \/ Shutterstock.com<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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