Coinbase has announced the launch of its new Coinbase International Exchange, a major step forward in the company’s Go Deep, Go Broad global expansion strategy. The move brings the most trusted name in the crypto industry to the worldwide derivatives market, opening new doors for institutional users based in eligible jurisdictions outside of the US.
The launch of Coinbase International Exchange comes as a result of the recent regulatory license approval from the Bermuda Monetary Authority (BMA). The new platform allows institutional clients in eligible, non-US jurisdictions to trade perpetual futures, which accounted for nearly 75% of global crypto trading volume in 2022.
BTC and ETH perpetual futures contracts were listed on Coinbase International Exchange earlier today, with all trading settled in USDC. Offering up to 5x leverage, the contracts are accessible via direct API access for institutional clients, though they are not currently available to retail customers.
Coinbase International Exchange offers a high standard of customer protection and a robust risk management framework, with features including real-time 24/7-365 risk management, liquidity provided by external market makers, dynamic margin requirements and collateral assessments, and a well-capitalized exchange to support tail market events.
The platform is committed to working with high-bar global regulators such as the BMA, a highly respected and experienced financial regulator known for its transparency, compliance, and cooperation. Bermuda’s regulatory environment aligns with international standards and best practices, making it an ideal partner for Coinbase International Exchange.
Coinbase remains dedicated to the US market but is also focused on international expansion, as many countries are moving forward with responsible, crypto-forward regulatory frameworks to strategically position themselves as crypto hubs. The company aims to see the US adopt a similar approach, rather than relying on regulation by enforcement, which has hindered crypto development in the country.