{"id":158590,"date":"2023-12-13T17:54:57","date_gmt":"2023-12-13T17:54:57","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=158590"},"modified":"2023-12-13T17:55:00","modified_gmt":"2023-12-13T17:55:00","slug":"coinbase-expands-horizons-offers-international-spot-trading-for-eligible-users","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/coinbase-expands-horizons-offers-international-spot-trading-for-eligible-users\/","title":{"rendered":"Coinbase Expands Horizons: Offers International Spot Trading for Eligible Users"},"content":{"rendered":"<p style=\"text-align: justify\"><a href=\"https:\/\/crypto-economy.com\/coinbase-review\/\" target=\"_blank\" rel=\"noopener\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Coinbase<\/span><\/span><\/a><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, one of the leading crypto exchange platforms, <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">has announced a significant expansion aimed at its International Exchange.<\/span><\/span><\/strong><\/p>\n<p><!--more--><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">This strategy&#8217;s main objective is <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">to offer spot markets outside the United States to meet the specific demands and needs<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> of its extensive global user base.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The <\/span><\/span><a href=\"https:\/\/www.coinbase.com\/blog\/coinbase-international-exchange-to-launch-spot-markets\" target=\"_blank\" rel=\"noopener\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">announcement <\/span><\/span><\/a> <strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">highlights the introduction of spot trading operations for eligible clients operating outside the United States<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, scheduled to begin on December 14.<\/span><\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We are excited to announce the next phase of our Coinbase International Exchange expansion &#8211; the launch of non-US spot markets for eligible customers, designed to address the unique needs and demands of our global user base. <a href=\"https:\/\/t.co\/JWEChT5BDa\" target=\"_blank\">pic.twitter.com\/JWEChT5BDa<\/a><\/p>\n<p>&mdash; Coinbase \ud83d\udee1\ufe0f\ud83d\udcde (@coinbase) <a href=\"https:\/\/twitter.com\/coinbase\/status\/1734936178778898785?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">December 13, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">In this initial phase, <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">the platform will exclusively allow non-US institutional clients<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> to trade BTC-USDC and ETH-USDC trading pairs through API access.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">This decision has been made at a time of <\/span><strong><a href=\"https:\/\/crypto-economy.com\/news\/regulation\/\" target=\"_blank\" rel=\"noopener\"><span style=\"vertical-align: inherit\">regulatory<\/span><\/a><\/strong><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> uncertainty <\/span><span style=\"vertical-align: inherit\">in the United States<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, which has led some users to look for alternatives outside of US platforms.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Coinbase <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">has seen notable growth since the launch of its International Exchange in May 2023.<\/span><\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">With over 100 institutions on board, <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">the platform has seen perpetual futures trading volume reach approximately $10 billion<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> in the third quarter alone.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Additionally, <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">it has expanded its services by offering perpetual futures<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> to eligible retail users, increasing the maximum leverage to 10x for all listed contracts.<\/span><\/span><\/p>\n<h2><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The Coinbase expansion strategy, titled &#8220;Go Broad, Go Deep,&#8221; focuses on providing international access<\/span><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Recognizing concerns around the uncertain regulatory environment in the United States, the platform <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">seeks to offer a reliable and compliant spot market for non-US participants.<\/span><\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">However, clear restrictions are in place: <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Coinbase International Exchange will only be available to non-US customers in select jurisdictions, and US customers are strictly prohibited from accessing it.<\/span><\/span><\/strong><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-158596\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/12\/Coinbase-Anouncement.jpg\" alt=\"Coinbase Expands Horizons: Offers International Spot Trading for Eligible Users\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/12\/Coinbase-Anouncement.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/12\/Coinbase-Anouncement-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/12\/Coinbase-Anouncement-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Additionally, cryptocurrency derivatives <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">will not be available to retail clients in the United Kingdom.<\/span><\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">This move by Coinbase represents its <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">continued commitment to providing a secure and compliant platform for global users,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> while also offering an alternative for cryptocurrency investors and issuers outside the United States at a time of regulatory uncertainty in the United States.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase, one of the leading crypto exchange platforms, has announced a significant expansion aimed at its International Exchange.<\/p>\n","protected":false},"author":33,"featured_media":158597,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74],"tags":[4642,5001],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/158590"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=158590"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/158590\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/158597"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=158590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=158590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=158590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}