Coinbase Launches Coinbase International Exchange for Institutional Clients

Coinbase International Exchange

Popular cryptocurrency exchange, Coinbase, has announced the launch of Coinbase International Exchange, a perpetual futures exchange for digital assets outside of the US. The new exchange will allow institutional users based in eligible non-US jurisdictions to trade perpetual futures, which accounted for nearly 75% of global crypto trading volume in 2022.

Coinbase is committed to partnering with high-bar regulators across US and non-US jurisdictions to develop additional solutions and products that will expand the utility and adoption of crypto for a global audience, while leveraging its high standards of customer protection and robust risk management frameworks. With the recent approval of its regulatory license from the Bermuda Monetary Authority (BMA), Coinbase International Exchange brings a high standard of customer protection, a robust risk management framework, and high performance trading technology to its customers.

The exchange offers real-time 24/7 - 365 risk management, liquidity provided by external market makers, dynamic margin requirements and collateral assessments, liquidation framework that meets rigorous compliance standards, and a well-capitalized exchange to support tail market events.

Trading on Coinbase International Exchange is settled in USDC with no fiat on-ramps required. The contracts initially offer up to 5x leverage, and direct access trading via API is available to institutional clients in eligible, non-US jurisdictions. These products are not currently available to retail customers.

Coinbase aims to expand its trusted products and services to digital asset users outside of the US, as more markets move forward with regulatory frameworks to become crypto hubs.

What is Coinbase?

Coinbase is one of the oldest cryptocurrency exchanges in the world. The exchange was founded by Brian Armstrong and Fred Eshram back in 2012. While Armstrong remains at the helm of the exchange as the CEO, Eshram left the company in 2017 but still owns 6% of the equity and serves on the board of directors. Coinbase (COIN) became the first cryptocurrency firm and exchange to trade on Nasdaq starting on April 14, 2021. The stock has even briefly surpassed a market capitalization of $100 billion, although its market cap is just over $15 billion at the time of writing.

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