Coinbase Introduces Spot Crypto Trading Platform for Global Users
Cryptocurrency exchange Coinbase is launching a new spot trading platform to provide a streamlined trading experience for users worldwide. The exchange serves over 100 institutions and has achieved $10 billion in perpetual futures trading volume in Q3.
Coinbase Spot Crypto Trading Will Occur In Phases
The expansion of spot trading on Coinbase will happen gradually. The exchange recently introduced perpetual futures to retail users on Coinbase Advanced and listed 15 perpetual contracts covering a significant portion of the market. Maximum leverage for all listed contracts has also been increased to 10x. On December 14, BTC-USDC and ETH-USDC pairs were listed for non-US institutional clients.
Coinbase Continues Efforts Towards International Expansion
Coinbase is dedicated to international expansion and plans to introduce more efficient and accessible products and services. The exchange aims to provide a trusted and compliant non-US spot market for asset issuers and members of the crypto community. However, the Coinbase International Exchange is only available to non-US clients in specific jurisdictions, and crypto-derivatives are not available to retail clients in the United Kingdom.
Hot Take: Coinbase Expands Offerings with New Spot Trading Platform
Coinbase’s launch of a spot crypto trading platform demonstrates its commitment to providing a seamless trading experience for global users. By introducing perpetual futures contracts and increasing leverage options, Coinbase is catering to both institutional and retail traders. The phased approach to expanding spot trading ensures liquidity building and a strong foundation before including retail users. With its focus on international expansion, Coinbase aims to offer efficient and accessible products while addressing regulatory concerns. This move positions Coinbase as a leading cryptocurrency exchange that continues to evolve and meet the needs of its diverse user base.
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