Coinbase launches spot trading for non-US institutional customers

Coinbase has announced the launch of non-US spot markets for institutional investors.
Eligible non-US institutional investors will receive BTC/USDC and ETH/USDC on Coinbase International Exchange starting December 14, 2023.
The exchange plans to expand the product to retail investors in the coming months.

Crypto exchange Coinbase It announced the expansion of the non-US spot market for institutional investors.

Coinbase expands non-US markets to institutional investors.

as if advertisement Published on December 13, US-based crypto platform Coinbase said it had launched trading markets for Bitcoin and Ethereum for qualified institutional clients using the international exchange.

The assets will be traded against USDC, BTC/USDC and ETH/USDC will be available starting Thursday, December 14th.

Non-US institutional clients can access these pairs via API.

We're excited to announce the next phase of our Coinbase International Exchange expansion—the launch of non-US spot markets for our eligible customers designed to meet the unique needs and interests of our global user base. pic.twitter.com/JWEChT5BDa

— Coinbase 🛡️📞 (@coinbase) December 13, 2023

According to the exchange, the expansion is part of its plan to address the needs and demands of global consumerism and reinforce its strategic mission of providing trusted products and services to customers.

Coinbase will initially focus on building liquidity and creating a strong foundation for listed non-US spot markets. However, the plan is to continuously expand this product to retail investors and add more crypto assets in the coming months.

The exchange unveils features designed to create new trading strategies as you seek to maximize capital efficiency.

Coinbase launched an international exchange in May of this year, with the arrival of the movement Theft of control by the US Securities and Exchange Commission (SEC). Since then, the platform is said to have more than 100 institutions on board.

According to today's update, Coinbase's global platform has recorded nearly $10 billion in trading volume for perpetual futures in the third quarter alone.

Growth LForever futures for qualified retail users By the company Coinbase Advanced. The exchange also listed 15 perpetual contracts that account for “more than 70% of the accessible sustainable futures market.”