Approval Granted to Coinbase for Non-US Customers to Trade Perpetual Futures Cryptocurrency

Coinbase Receives Regulatory Approval to Offer Perpetual Futures Trading to Non-US Customers

Crypto exchange Coinbase has received regulatory approval to offer perpetual digital asset futures to investors outside of the US. The platform’s international arm has been given the green light to provide perpetual crypto futures trading for eligible non-US traders, according to a blog post by Coinbase.

The company states that the global derivatives market is in high demand, accounting for approximately 75% of crypto trading volume worldwide. Coinbase aims to meet this demand while expanding economic freedom in a safe and regulated manner.

Key features that differentiate Coinbase from other derivatives exchanges include holding customer assets at a 1:1 ratio, using the stablecoin USD Coin (USDC) for liquidity and insurance, and not engaging in market making.

Hot Take: Coinbase Expands Global Trading Opportunities with Perpetual Futures

Coinbase’s regulatory approval to offer perpetual futures trading to non-US customers marks an important milestone for the platform. By tapping into the global derivatives market, Coinbase aims to provide greater economic freedom and opportunity for users worldwide. The company’s commitment to compliance and transparency sets it apart from other exchanges, ensuring a secure environment for investors. With over $5.5 billion in notional trading volume from institutions as of Q2, Coinbase’s perpetual futures contracts are gaining traction in the market. This move positions Coinbase as a leading player in the international crypto trading landscape.