Prominent crypto exchange firm seeking to serve international users by facilitating crypto derivatives services.
Coinbase’s offerings do not include native users in the
The leading crypto exchange firm in the United States, Coinbase Global Inc., announced the launch of crypto derivatives offerings on Tuesday, May 2. Following the company’s expansion across international territories, the derivatives exchange would be operated from Bermuda. Newly launched services will not be offered to native users in the United States.
Dubbed Coinbase International Exchange, the crypto derivatives offering surfaced despite the tussle between crypto companies and U.S. regulators. Moreover, the company has often raised concerns regarding the need for more regulatory clarity and enforced actions on companies by the U.S. SEC.
Coinbase noted in its blog its new service had received a regulatory license from the Bermuda Monetary Authority (BMA). It will allow non-native users to the U.S. to trade
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