Coinbase International Exchange is in expansion mode, and in the same spree, it has introduced spot crypto trading on its international exchange for non-US institutional clients. It is primarily for fulfilling their user base’s individualistic requirements internationally and exposing them to viable products and services.
The objective of the exchange is to function as a pivotal element within the global cryptocurrency ecosystem. By maintaining dependability, security, and user-friendliness as their primary concerns, they will enable a paradigm shift in the quality context of the industry. The organization was founded in May 2023 and has since experienced tremendous expansion.
In the third quarter, the business onboarded more than 100 institutions with a total trading value of about $10 billion in perpetual futures. In October 2023, the business launched perpetual futures to worthy advanced users on Coinbase. Over 70% of the addressable perpetual future trading markets have registered 15 perpetual contracts. In the case of every registered contract, the maximum leverage has been increased to 10x.
Coinbase International Exchange’s spot markets provide uninterrupted and advanced trading exposure for perpetual futures traders. International consumers will benefit from improved connections thanks to a credible non-US spot exchange.
By locating their servers in more accessible locations around the world, latency issues will be reduced. They plan to register BTC-USDC and ETH-USDC pairs via API access for non-US institutional users soon. The company will be involved in creating liquidity and a sound foundation. In the near future, they will reach out to retail customers, adding assets and capabilities that will aid in developing new trading methods.
According to the company’s stage two plan, Go Broad, Go Deep, it will focus on global expansion by developing more effective and accessible products and services. For eligible non-US consumers, Coinbase International Exchange provides an improved connection with integrated spot and perpetual futures markets. In addition, participants will have access to a trustworthy and viable non-US spot market.
Source: https://www.cryptonewsz.com/coinbase-to-offer-spot-crypto-trading-for-non-us-institutions/