Coinbase, a leading name in crypto, is branching out. They’re rolling out perpetual futures trading for non-US customers. In May 2023, they launched the Coinbase International Exchange. It had a special license from the Bermuda Monetary Authority (BMA). This allowed businesses outside the US to dive into perpetual futures trading. Now, the BMA has given Coinbase a green light. They can expand this service to regular folks outside the US. Soon, these customers can jump into this type of trading on Coinbase Advanced.
A Broader Vision
Coinbase isn’t just thinking of the present; they have a long-term plan. They want to work closely with global leaders in regulation. Their goal is to shape a secure and open crypto trading space. Coinbase started in the US. They believe the US should be a pioneer in updating how money works today. But they’re not stopping there. They want to bring new financial tools and freedom to people everywhere.
Why Trust Coinbase?
Crypto trading is a hot topic. Some exchanges are getting a side-eye from regulators. But Coinbase stands strong. The global demand for crypto trading is high. Most of it is in a thing called crypto derivatives. People want a safe and open place to trade. Coinbase offers that.
They’ve already seen big trading volumes. By the second quarter, they had over $5.5 billion in trading from big businesses. They stick to the BMA’s tough rules. This means they focus on keeping risks low, staying compliant, and protecting users.
What Sets Coinbase Apart?
Here’s what makes Coinbase unique:
- Transparency: They show that they hold the same amount of assets as their customers.
- Strong Funds: They have a solid backup fund. It’s in a stablecoin called USDC.
- Smart Risk Team: They have a group of experts. These people have years of experience. They help manage trading risks.
- Clear Trading: Coinbase is clear about where its money comes from. They don’t make the market. Instead, they rely on outside providers.
Starting today, if you’re outside the US, you can see if you’re eligible. Coinbase Advanced will soon start this new type of trading. So, keep an eye out!
Final Thoughts
Coinbase’s new move is big news in the crypto world. They’re making new paths and setting high standards in safety and innovation. Remember, trading always has risks. It’s essential to be cautious.
Note: Coinbase’s services are for select non-US clients. If you want to use Coinbase Advanced, you’ll need to pass their checks. Trading involves risk, so trade wisely. Coinbase Bermuda Limited, under the BMA’s rules, handles Perpetual Futures accounts.