Coinbase to offer perpetual futures trading to non-U.S. retail customers

The Coinbase exchange will open perpetual futures trading for retail clients outside the United States. About this, сообщается in the company’s blog.

The company in April received approval to operate from Bermuda’s financial regulator, and in May launched a service for institutional investors, Coinbase International Exchange. In the second quarter, trading volume of futures on the “international” platform exceeded $5.5 billion.

«In the coming weeks, we will begin offering eligible clients access to regulated perpetual futures contracts via the [platform] Coinbase Advanced», — the company said.

According to the U.S. firm, around 75% of crypto-asset trading volume comes from derivatives markets.

«We aim to work with global high-standard regulators to create a regulatory framework that will allow crypto technologies to continually spur innovation», — said Coinbase representatives.

Obtaining the exchange’s license in the island jurisdiction formed part of the Go Broad & Go Deep strategy. Under it, the platform also refreshed its retail service in Singapore, updated the user interface for customers in Brazil, and entered talks with the Abu Dhabi Global Market’s Financial Services Regulatory Authority.

As reported, Coinbase discusses obtaining a license with Canadian regulators.

Earlier, founder and CEO Brian Armstrong stated that he was prepared to leave the U.S. market due to “regulatory uncertainty”.