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Coinbase Launches New Service That Offers BTC, ETH Perpetual Futures outside the US

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Coinbase has announced the launch of its brand new service, which is called Coinbase International Exchange. This new service will provide institutional clients located outside of the United States with access to Bitcoin (BTC) and Ethereum (ETH) perpetual futures settled in USDC with up to five times the normal leverage.

They further stated that trading perpetual futures will be made possible for institutional users based in qualified jurisdictions outside the United States through Coinbase International Exchange. 

They also believe that the expansion of a worldwide perpetual futures market for digital assets will help promote the financial system. They hope to accomplish this by making the reliable products and services offered by Coinbase more available to users of digital assets who reside in countries other than the United States.

Coinbase is believed to be taking this step as part of its strategy to increase its footprint in the worldwide market and to provide its services to a more diverse group of clients. Institutional clients have the ability to hedge against prospective losses and take advantage of opportunities in the market thanks to the availability of perpetual futures.

They claim that they are committed to cooperating with high-bar regulators across US and non-US jurisdictions to assist update the financial system by developing additional solutions and products, using their high standards of client protection and comprehensive risk management frameworks. They have officially launched  Coinbase International Exchange following the recent acceptance of its regulatory license by the Bermuda Monetary Authority (BMA).

Read also:

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Coinbase in Court for Dumping Stocks

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