Coinbase has announced the launch of Coinbase International Exchange, a global perpetual futures exchange for digital assets that will enable institutional users in eligible jurisdictions outside of the US to trade perpetual futures. According to Coinbase, perpetual futures accounted for nearly 75% of global crypto trading volume in 2022.
Coinbase’s trusted products and services will become more accessible to users of digital assets who live outside of the US. The new exchange will offer 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. The contracts initially offer up to 5x leverage, and all trading is settled in USDC; no fiat on-ramps are required. These products are not available to retail customers at this time.
The Coinbase International Exchange brings a high standard of customer protection, a robust risk management framework, and high-performance trading technology. It has listed BTC and ETH perpetual futures contracts and 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. 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 its commitment to increasing economic freedom in the world.
Coinbase believes that countries around the world are increasingly moving forward with responsible crypto-forward regulatory frameworks to strategically position themselves as crypto hubs. The company 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. Coinbase International Exchange is an expansion, bringing the safest and most trusted name in crypto to the global market.
