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Coinbase Offers up to 5X Leverage with International Exchange Launch

Published 05/02/2023, 03:30 PM
© Reuters Coinbase Offers up to 5X Leverage with International Exchange Launch
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  • Coinbase (NASDAQ:COIN) International Exchange is based outside of the U.S.
  • Institutional clients can trade perpetual futures contracts with up to 5x leverage.
  • Coinbase made comments on why it has decided to launch a new exchange offshore.
The current crypto bear market has been brutal not only because of the plummeting digital asset prices but also because of regulatory response, especially in the U.S.

The regulatory environment for crypto companies in the U.S. has become so restrictive that Coinbase has decided to launch its new derivatives exchange offshore.

Coinbase Launches New International Exchange

Coinbase, the largest crypto exchange in the U.S., announced on Tuesday that it’s launching a new derivatives exchange called Coinbase International Exchange.

The new exchange is based in Bermuda, where Coinbase was recently granted a regulatory license from the...

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