Coinbase launched an international cryptocurrency exchange out of Bermuda for institutional clients. According to the company this was possible the recent approval of a regulatory license from the Bermuda Monetary Authority (BMA) to operate globally.
With this new initiative, the company seeks to attract institutional investors globally. This new exchange will be called “Coinbase International Exchange” and, for the moment, it is not available to retail customers although it plans to be by the end of the year.
Regarding your services, Coinbase International Exchange to Begin Offering Bitcoin and Ether Cryptocurrency Perpetual Futures Settled on the USDC Stablecoin and each client will have permission to leverage up to 5 times.
The company did not specify from which countries this new exchange can be accessedbut rather invited those interested to fill out a form on its new platform to find out if they are eligible.
“Countries around the world are increasingly moving forward with responsible crypto-friendly regulatory frameworks to strategically position themselves as cryptocurrency hubs”Coinbase maintained but it was noted that in the United States this does not happen in the same direction.
Source: Ambito
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