{"id":78175,"date":"2023-05-02T16:59:49","date_gmt":"2023-05-02T13:59:49","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=78175"},"modified":"2025-09-11T03:31:34","modified_gmt":"2025-09-11T00:31:34","slug":"coinbase-launches-international-exchange-for-bitcoin-futures-trading","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/coinbase-launches-international-exchange-for-bitcoin-futures-trading\/","title":{"rendered":"Coinbase launches international exchange for Bitcoin futures trading"},"content":{"rendered":"<p>Coinbase announced the launch of the international futures exchange for digital assets \u2014 Coinbase International Exchange.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Today Coinbase launched Coinbase International Exchange <a href=\\\"https:\/\/twitter.com\/CoinbaseIntExch?ref_src=twsrc%5Etfw\\\">@CoinbaseIntExch<\/a> and will begin by offering BTC &#038; ETH perpetual futures settled in USDC with up to 5x leverage to institutional clients in eligible jurisdictions outside of the U.S.<a href=\\\"https:\/\/t.co\/OzhbgJlZ2K\\\">https:\/\/t.co\/OzhbgJlZ2K<\/a><\/p>\n<p>\u2014 Coinbase ?\ufe0f (@coinbase) <a href=\\\"https:\/\/twitter.com\/coinbase\/status\/1653385513011740672?ref_src=twsrc%5Etfw\\\">May 2, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n\\n\\n<\/p>\n<p>According to the statement, the firm recently obtained a license from the Bermuda Monetary Authority (BMA), where it registered the new entity.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>The platform \\&#8221;will allow institutional users in suitable jurisdictions outside the United States to trade perpetual futures\\&#8221; with up to 5x leverage.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Bitcoin- and Ethereum-based derivatives are already available on Coinbase International Exchange.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;Coinbase seeks to work with global regulators under high regulatory standards that allow crypto technologies to continually spur innovation, reinforcing our initiative to expand economic freedom worldwide,\\&#8221; the company&#8217;s blog said.<\/p>\n<\/blockquote>\n<p>\\n\\n\\n\\n<\/p>\n<p>The company remains committed to the United States, but aims to grow its business outside that jurisdiction to position itself as a crypto hub in the future.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;We would like the United States to adopt the approach [BMA] rather than coercive regulation that has led to an unsatisfactory trend in cryptocurrency development in the country,\\&#8221; Coinbase said.<\/p>\n<\/blockquote>\n<p>\\n\\n\\n\\n<\/p>\n<p>Earlier, the U.S. Securities and Exchange Commission (SEC) <a href=\"https:\/\/forklog.com\/en\/news\/sec-issues-wells-notice-to-coinbase\">sent a notice<\/a> to the exchange regarding an investigation into the listing procedure on the platform and its products \u2014 Coinbase Prime, Coinbase Wallet, and <a href=\"https:\/\/forklog.com\/en\/news\/what-is-staking-and-how-to-make-money-from-it\">staking<\/a> service Coinbase Earn.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>In April, the company <a href=\"https:\/\/forklog.com\/en\/news\/coinbase-responds-to-sec-allegations-warns-of-reputational-risk\">responded<\/a> to the SEC&#8217;s claims, stating its readiness to \\&#8221;vigorously defend itself.\\&#8221; Platform representatives also noted that due to the investigations, the regulator could suffer reputational damage.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>As a reminder, in May a Coinbase client <a href=\"https:\/\/forklog.com\/en\/news\/coinbase-accused-of-violating-laws-over-kyc-procedures\">filed a lawsuit<\/a> against the company, alleging that its <span data-descr=\\\"Know Your Customer \u2014 'know your customer'\\\" class=\\\"old_tooltip\\\">KYC<\/span> procedures violate U.S. law.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase announced the launch of the international futures exchange for digital assets \u2014 Coinbase International Exchange.<\/p>\n","protected":false},"author":1,"featured_media":78176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1917,138,1168],"class_list":["post-78175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bermuda-islands","tag-coinbase","tag-crypto-derivatives"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=78175"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78175\/revisions"}],"predecessor-version":[{"id":78177,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78175\/revisions\/78177"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/78176"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=78175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=78175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=78175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}