Coinbase plans to let international users trade perpetual futures out of Bermuda through a new platform. Dubbed Coinbase International Exchange, the platform touts a robust trading experience delivered in partnership with a number of external market makers ready to provide liquidity, as well as a liquidation framework that “meets rigorous compliance standards,” and comes amid a bitter tussle between the company and regulators in the U.S., its home market.
“Coinbase International Exchange will enable institutional users based in eligible jurisdictions outside of the U.S., to trade perpetual futures,” the firm said. “Perpetual futures accounted for nearly 75% of global crypto trading volume in 2022, creating highly-liquid markets and offering traders additional versatility in their trading strategies.”
https://www.theblock.co/post/229021/coinbase-launches-perps-exchange