The leading US cryptocurrency platform, Coinbase is set to broaden its global reach with the introduction of spot markets on the Coinbase International Exchange.
This move aims to provide seamless trading experiences for perpetual futures traders and wider access to a trusted non-US spot exchange. Servers will be strategically located globally to reduce latency, enhancing the trading experience.
The initial phase, starting on December 14, will see the listing of BTC-USDC and ETH-USDC pairs via API access exclusively for non-US institutional clients.
The focus is on building liquidity and a robust foundation, with plans to include retail users, more assets, and advanced features in subsequent phases.
Note that this exchange is available only to non-US clients in specific jurisdictions, with US clients strictly prohibited from access and crypto-derivatives not available to retail clients in the UK.
Coinbase’s expansion into global spot markets signifies a strategic move to offer enhanced trading opportunities beyond the US, presenting a positive step towards a more accessible and diversified crypto ecosystem.
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