coinbaseis a new institutional platform designed for crypto derivatives trading. Coinbase International Exchange(CIE) announced.
which will support Bitcoin perpetual futures CIE It plans to start trading this week. According to the announcement, all trades in CIE are Coinbase-backed stablecoins. USDCoinwill be carried out with
Platform to be implemented in Bermuda
In a statement, Coinbase underlined that direct access trading in the CIE is available to institutional customers in non-US jurisdictions via the API.
According to the announcement, the new international crypto platform was launched with the support of regulators in Bermuda. As previously reported, Coinbase will launch in April 2023. Bermuda Monetary Authority (BMA) licensed. The class F license allowed Coinbase to operate a digital asset exchange and a digital asset derivatives exchange provider business, as well as to conduct activities such as token sales and issuance.
Bermuda, the British overseas territory, has shown a similar stance towards crypto similar to the United Kingdom and has been among the countries that have been on the rise in the crypto industry lately.
Bermuda Prime Minister and Finance Minister Edward Burt, FTX announced that the government is open to crypto despite industry failures such as Local officials also stated that Bermuda will maintain its crypto hub targets despite the industry facing a bear market in 2022.
Coinbase had planned to launch a global crypto exchange since March 2022. Coinbase announced the first reports of its platform, which it plans to launch this week, a few days before Wells received the notification. Platform, April 25filed a petition against the SEC, demanding that the regulator clarify industry regulations.
