Coinbase International is launching spot crypto trading for non-U.S. customers. “The launch and expansion of spot trading on Coinbase International Exchange will occur over several phases,” Coinbase detailed. “Our primary focus at the outset will be to build liquidity and create a robust foundation. In the coming months, we plan to expand the product to include retail users, additional assets, and features that enable new trading strategies and enhance capital efficiency.”
Coinbase International’s Crypto Spot Trading
Cryptocurrency exchange Coinbase (Nasdaq: COIN) announced Wednesday that Coinbase International Exchange is launching spot markets. The announcement explains:
The launch and expansion of spot trading on Coinbase International Exchange will occur over several phases.
“Our primary focus at the outset will be to build liquidity and create a robust foundation. In the coming months, we plan to expand the product to include retail users, additional assets, and features that enable new trading strategies and enhance capital efficiency,” Coinbase detailed.
The exchange is listing BTC-USDC and ETH-USDC pairs via API access for non-U.S. institutional clients on Thursday, Dec. 14.
Coinbase International Exchange launched in May 2023 and is only available to non-U.S. clients in select jurisdictions. The platform provides institutional clients with access to BTC, ETH, LTC, XRP, SOL, and AVAX perpetual futures contracts, its website details.
Since its launch, the platform has onboarded over 100 institutions, with approximately $10 billion in perpetual futures trading volume in Q3, according to Coinbase. In October the exchange launched perpetual futures to eligible retail users on Coinbase Advanced, a platform designed for experienced traders. So far, the exchange has listed 15 perpetual contracts that cover more than 70% of the addressable perpetual futures trading market and increased maximum leverage to 10x for all listed contracts.
What do you think about Coinbase International Exchange launching spot crypto trading? Let us know in the comments section below.
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