Home Altcoins News Coinbase’s Global Expansion Unveils New Opportunities for International Crypto Traders

Coinbase’s Global Expansion Unveils New Opportunities for International Crypto Traders

Coinbase International Exchange

In a groundbreaking stride within the ever-evolving realm of cryptocurrencies, Coinbase International Exchange has recently unveiled its ambitious plans for global expansion. This strategic move aims to cater to the distinctive needs of non-US institutional clients by introducing spot crypto trading, thereby unlocking a realm of unparalleled opportunities in the international market.

The primary objective driving this initiative is to solidify the exchange’s position as a pivotal player in the global cryptocurrency ecosystem. Fueled by a commitment to reliability, security, and user-friendliness, Coinbase seeks to usher in a new era of quality within the industry. Since its establishment in May 2023, the platform has experienced exponential growth, marking a transformative journey within the sphere of digital assets.

During the third quarter, Coinbase onboarded a remarkable count of over 100 institutions, facilitating a total trading value surpassing $10 billion in perpetual futures. The launch of perpetual futures for esteemed advanced users in October 2023 further underscored the platform’s commitment to innovation. Notably, more than 70% of the accessible perpetual future trading markets have witnessed the registration of 15 perpetual contracts, each now boasting a maximum leverage increased to 10x.

The introduction of spot markets on the Coinbase International Exchange signifies a significant leap forward, providing non-US institutional traders with seamless access to advanced trading opportunities in perpetual futures. The platform’s global consumers stand to benefit immensely from enhanced connectivity, facilitated by the establishment of a credible non-US spot exchange.

A pivotal step in reducing latency issues involves the strategic placement of servers in more accessible locations across the globe. In the pipeline is the imminent registration of BTC-USDC and ETH-USDC pairs via API access, a move anticipated to further empower non-US institutional users. Coinbase’s commitment extends beyond mere trading functionalities; the platform is dedicated to fostering liquidity and a robust foundation within the market.

Amidst an ambitious expansion spree, Coinbase International Exchange, established in May 2023, has swiftly emerged as a powerhouse within the realm of cryptocurrency trading. The latest addition of spot crypto trading for non-US institutional clients marks a strategic endeavor to provide tailored solutions while fostering accessibility to an array of products and services on a global scale.

At its core, this initiative aims to redefine the dynamics of the global cryptocurrency ecosystem. Emphasizing reliability, security, and user-centricity as cornerstones, Coinbase International Exchange envisions pioneering a transformative shift in the industry’s standards.

The platform’s recent performance metrics underscore its remarkable growth trajectory. In the third quarter alone, over 100 institutions were onboarded, collectively facilitating trading activities surpassing $10 billion in perpetual futures. Notably, the introduction of perpetual futures for proficient users in October 2023 witnessed substantial traction, with more than 70% of the addressable markets embracing 15 perpetual contracts. Furthermore, each registered contract now boasts an increased maximum leverage of 10x, enhancing trading opportunities for participants.

The advent of spot markets within Coinbase International Exchange signifies an unparalleled avenue for perpetual futures traders. Offering seamless and advanced trading capabilities, these spot markets are poised to elevate the trading experiences of international consumers. Moreover, non-US institutional users stand to benefit from enhanced connectivity facilitated by a reputable spot exchange.

Looking ahead, Coinbase International Exchange envisions reaching out to retail customers, introducing additional assets and capabilities that will revolutionize trading methodologies. This forthcoming endeavor aims to cater to a broader audience, propelling the democratization of cryptocurrency trading worldwide.

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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