In executing on the next chapter of the company’s Go Deep, Go Broad global expansion strategy, Coinbase International Exchange brings the safest, most trusted name in crypto to the global derivatives market.
At Coinbase, we’re working hard to help update the financial system by building trusted products that expand the utility and adoption of crypto because we believe crypto and blockchain technology have the ability to increase economic freedom and opportunity around the world. Coinbase chose to become a public company in the US because we believe the US would best be served by embracing this fundamental innovation, but we’re also focused on international markets, many of which are moving forward with strategies to become “crypto hubs.”
Building trusted products that expand the utility and adoption of crypto for a global audience has been core to our strategy since inception. The need for a trusted, secure, and transparent leader in global crypto markets has never been stronger.
Coinbase is dedicated to partnering with high-bar regulators across US and non-US jurisdictions to help update the financial system by developing additional solutions and products, leveraging our high standards of customer protection and robust risk management frameworks. With the recent approval of our regulatory license from the Bermuda Monetary Authority (BMA), today we are excited to announce the launch of Coinbase International Exchange.
Coinbase International Exchange
Coinbase International Exchange will enable institutional users based in eligible jurisdictions outside of the US, to trade perpetual futures. Perpetual futures accounted for nearly 75% of global crypto trading volume in 2022, creating highly-liquid markets and offering traders additional versatility in their trading strategies.
Building out a global perpetual futures exchange for digital assets will help support an updating of the financial system by making Coinbase’s trusted products and services more accessible to users of digital assets who live outside of the US. As more and more markets are moving forward with regulatory frameworks to become crypto hubs, we believe the moment is right to launch this international exchange.
Coinbase International Exchange brings a high standard of customer protection, a robust risk management framework and high performance trading technology, including:
- Real-time 24/7 – 365 risk management
- Liquidity provided by external market makers – no proprietary trading
- Dynamic margin requirements and collateral assessments
- Liquidation framework that meets rigorous compliance standards
- Well-capitalized exchange to support tail market events
Coinbase International Exchange listed BTC and ETH perpetual futures contracts earlier today. All trading is settled in USDC; no fiat on-ramps required. The contracts initially offer up to 5x leverage. Direct access trading via API is available to institutional clients in eligible, non-US jurisdictions. These products are not available to retail customers at this time. Follow @CoinbaseIntExch on Twitter for the latest updates.
Working with High-Bar Global Regulators
Coinbase is dedicated to partnering with high-bar global regulators to build a crypto regulatory framework that allows crypto technology to continually drive innovation while reinforcing our commitment of increasing economic freedom in the world.
Coinbase International Exchange is proud to work with the Bermuda Monetary Authority (BMA), a highly respected and experienced financial regulator that is led by an outstanding executive team and board of directors. Bermuda’s regulatory environment is known for a high level of transparency, compliance, and cooperation. The BMA is also a member of several international organizations and maintains close relationships with other regulatory agencies around the world. This helps to ensure that Bermuda’s financial sector is in line with international standards and best practices.
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. We would like to see the US take a similar approach instead of regulation by enforcement which has led to a disappointing trend for crypto development in the US. The Coinbase International Exchange is an expansion, bringing the safest, most trusted name in crypto to the global market.
If you are an institutional investor outside of the US and looking to learn more about the Coinbase International Exchange reach out to [email protected]
Safe Harbor Statement: This blog post contains forward-looking statements within the meaning of the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact could be deemed forward-looking, including, but not limited to, statements regarding features of and plans for Coinbase International Exchange. Risks that contribute to the uncertain nature of the forward-looking statements include, among others, risks and uncertainties relating to Coinbase Global, Inc. (the “Company”) listed or described from time to time in the Company’s filings with the Securities and Exchange Commission (the SEC), including the Company’s most recent Annual Report on Form 10-K or 10-Q, which is on file with the SEC. All forward-looking statements are based on information and estimates available to the Company at the time of this blog post. Except as required by law, the Company assumes no obligation to update any of the statements in this blog post.
Legal Disclaimer: Coinbase International Exchange is only available to non-US institutions in select jurisdictions. US institutions are strictly prohibited from access. Please contact a member of our team to determine institution and jurisdictional eligibility. Information provided for informational and educational purposes only. All trading and investment strategies involve risk, including risk of loss, and thus may not be suitable for everyone. Seek professional advice before trading or investing, and perform due diligence on all trading instruments.
