Coinbase Rolls Out International Spot Crypto Trading for Institutional Investors 

Watch Icon
BeInCrypto

Cryptocurrency exchange Coinbase is set to roll out crypto spot trading platform, aiming to offer a more streamlined trading experience for global users.

The exchange claims to cater to over 100 institutions and achieving approximately $10 billion in perpetual futures trading volume in Q3.

Coinbase Spot Crypto Trading Will Occur In Phases

According to a statement, recent key developments of the exchange include the introduction of perpetual futures to retail users on Coinbase Advanced.

Additionally, listing 15 perpetual contracts covering a significant portion of the perpetual futures trading market. Furthermore, an increase in maximum leverage to 10x for all listed contracts.

However, the expansion of spot trading will occur in phases. On December 14, BTC-USDC and ETH-USDC pairs were listed for non-US institutional clients.

Read more: Coinbase Review 2023: The Best Crypto Exchange for Beginners?

The statement explains the initial focus is on building liquidity and establishing a strong foundation. Subsequent phases will involve the inclusion of retail users.

Coinbase Continues Efforts Towards International Expansion

Furthermore, it highlighted features to support new trading strategies and improve capital efficiency.

Coinbase claims to dedicate efforts to international expansion. This aligns with its “Go Broad, Go Deep” strategy. The exchange explains it will be introducing more efficient and accessible products and services in the near future.

It also recognizes concerns about the uncertain regulatory landscape in the United States. The exchange seeks to provide a trusted and compliant non-US spot market for asset issuers and crypto community members.

However, Coinbase International Exchange is exclusively available to non-US clients in specific jurisdictions. Additionally, crypto-derivatives are not available to retail clients in the United Kingdom.

Read more: Crypto Portfolio Management: A Beginner’s Guide

Top crypto platforms | December 2023

CoinDCX Explore → Kraken Explore → KuCoin Explore → BYDFi Explore → MEXC Explore → Explore more

The post Coinbase Rolls Out International Spot Crypto Trading for Institutional Investors  appeared first on BeInCrypto.

 
More News

Solana Price Prediction as SOL Drops Below...

Watch Icon
Last updated

Solana teeters at $98.60 support, with resistance at $105.97. A break may signal trends; watch $94.24 and $89.36 for pivotal market shifts. The post Solana Price Prediction as SOL Drops Below $100 Support – Here’s the Next Level to Watch appeared first on Cryptonews.

TON Foundation Announces Grants for 5 Tonc...

Watch Icon
Last updated

In line with the drive to expand TON ecosystem, five new projects have been announced as TON grant winners for Q4, 2023. The announcement is another testament to the growing appeal of TON ecosystem and TON Foundation’s commitment to ecosystem development. Cutting across different sectors, the recently announced TON grant-winning projects will bring lots of […]

Top Crypto Gainers Today on DEXTools – HOD...

Watch Icon
Last updated

Top Crypto Gainers Today on DEXTools $NUERALINK, $BOBO and $GTAO 2.0 are the top crypto gainers today on DEXTools as the broader crypto market rebound continues on Tuesday. Bitcoin (BTC) was last in the mid-$43,000s, up close to 1% in 24 hours as per CoinMarketCap. Ether (ETH) and Solana (SOL) were the biggest major altcoin gainers, The post Top Crypto Gainers Today on DEXTools – HODL, TELEPATHY, NEURALINK appeared first on Cryptonews.

Back to Top