Coinbase opens international exchange
Coinbase International Exchange will enable institutional users based in eligible jurisdictions outside of the US to trade perpetual futures, which accounted for nearly 75% of global crypto trading volume in 2022.The move comes as Coinbase locks horns with American regulators. Last month CEO Brian Armstrong said that "anything is on the table" about a potential decision to move the company's headquarters out of the US.Recently, the company also filed a suit against the Securities and Exchange Commission, asking a court to make the regulator respond to a petition from last year on the "rules to govern the regulation" of digital assets.Says a blog on the launch of the new exchange: "Rest assured that Coinbase is committed to the US, but countries around the world are increasingly moving forward with responsible crypto-forward regulatory frameworks to strategically position themselves as crypto hubs.
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