A New Milestone for Coinbase International Exchange
Coinbase International Exchange, which launched in May 2023 with a primary focus on non-US institutions, has achieved another significant feat. The exchange has now gained the green light from the Bermuda Monetary Authority (BMA) to usher in non-US retail customers into the realm of perpetual futures trading. This move will soon allow qualifying customers to explore regulated perpetual futures contracts through Coinbase Advanced.
Global Derivatives: A Vision in Collaboration with Regulators
The recent decision aligns with the second phase of Coinbase’s “Go Broad, Go Deep” initiative. This initiative’s crux is the formation of a crypto regulatory blueprint in tandem with prominent global authorities. While Coinbase’s roots and public listing are firmly based in the US, it remains committed to playing a pivotal role in rejuvenating the global financial system. With the newly granted permission, Coinbase aims to provide enhanced financial liberation and chances to users globally.
A Trusted Name Amidst the Global Crypto Derivative Surge
While several crypto platforms face tightening regulatory nooses, Coinbase stands tall, having garnered timely approvals. The global crypto derivatives sphere accounts for approximately 75% of the worldwide crypto trade volume. This whopping figure underscores the immense appetite for derivatives. Yet, only a handful of exchanges, like Coinbase, ensure the safety and clarity required by traders.
The perpetual futures contracts available on Coinbase International Exchange abide by stringent compliance criteria and have already witnessed a staggering $5.5 billion in notional trading volume by institutions till the second quarter. The exchange’s adherence to the BMA’s solid regulatory groundwork ensures that it upholds supreme risk management, compliance, and user safeguarding practices.
Why Choose Coinbase International Exchange?
- Security Assurance: With Coinbase being a beacon of security in the crypto world, users are assured that their investments are in safe hands.
- Transparent Finances: Our public financial disclosures reveal our commitment to keeping customer assets in a 1:1 ratio.
- Solid Financial Backing: Unlike many exchanges relying on exchange tokens, Coinbase International Exchange boasts a robust financial base through its Insurance Fund and Liquidity Support Program, anchored in USDC, a high-liquidity stablecoin.
- A Seasoned Risk Management Team: Our risk management team, comprising industry veterans, brings in decades of expertise from diverse trading and credit sectors.
- Pure Trading Environment: At Coinbase, there’s no market-making. Established and vetted liquidity providers furnish the liquidity.
Starting immediately, non-US retail enthusiasts can verify their suitability for perpetual futures trading on Coinbase Advanced, with official trading set to roll out shortly.
