Hassan Maishera
TL;DR
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Crypto exchange Coinbase has launched spot markets for its international clients.
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Coinbase is working to boost its international unit and attract more clients outside the United States.
Coinbase’s International Clients Now Have Access to Spot Trading
Coinbase, one of the leading cryptocurrency exchanges in the world, has announced the launch of non-US spot markets for eligible customers. According to its blog post, the crypto exchange said this latest development is designed to address the unique needs and demands of its global user base
Starting from today, December 14, Coinbase will list BTC-USDC and ETH-USDC pairs via API access for non-US institutional clients only.
The cryptocurrency exchange’s international unit launched its derivatives trading to non-U.S. institutional clients earlier this year. Coinbase added that in the coming months, it would start servicing retail customers more comprehensively while adding additional digital assets to the platform.
The Coinbase international arm already offers perpetual futures trading for non-U.S. institutions and eligible retail users. According to the company, it onboarded over 100 institutions in the third quarter of the year, with approximately $10 billion in perpetual futures trading volume. The company said,
“As announced in Phase II of our “Go Broad, Go Deep” strategy, we are focused on international expansion through the innovation of more efficient and accessible products and services. Coinbase International Exchange helps provide increased access to integrated spot and perpetual futures markets for eligible non-US users.”
The cryptocurrency exchange said it would continue to work diligently to expand its presence internationally. It is focused on 24 countries, including crypto-friendly nations Brazil, the UAE, and Hong Kong.
