Coinbase International Joins Fireblocks Network for Derivatives Trading Support

cryptonews.com:

Coinbase International Exchange has joined the Fireblocks Network to provide perpetual futures and spot trading features for institutional and retail clients in certain regions.

Fireblocks is a blockchain security service provider used for moving, storing, and issuing digital assets. Coinbase International Exchange customers will be able to connect to their account using the Fireblocks Network.

“As we continue to expand our offerings for institutional and retail clients, this collaboration underscores our commitment to providing a robust and reliable trading infrastructure for our global clientele,” said Usman Naeem, CEO of Coinbase International Exchange.

The Coinbase International arm allows institutional investors in non-U.S. countries to trade perpetual cryptocurrency futures and began offering derivatives to clients in 2023.

“The launch of the integration with Coinbase International Exchange on Fireblocks Network will enable our customers to have access to new markets,” Fireblocks CEO, Michael Shaulov told CryptoNews. “We are excited to continue adding new support to meet the demands of new and existing clients,” said Shaulov.

By connecting Coinbase International Exchange to the Fireblocks Network, customers will have increased security of their operations.

Coinbase International Exchange is only available to non-US institutions in certain regions. American institutions are prohibited from access. Crypto-derivatives are not available to retail clients based in the UK due to regulatory restrictions imposed by the Financial Conduct Authority (FCA).

Those trading using the Coinbase International Exchange will be able to deposit, withdraw, and rebalance across connected exchanges, Fireblocks wallets, Network