Coinbase will roll out crypto perpetual futures trading to non-US customers from its international platform registered in Bermuda. Derivative products, which account for around 75% of all daily crypto trading volumes, amassed $5.5 billion in notional institutional trading volume on Coinbase in Q2.

Coinbase, a registered US public company, will roll out trading for non-US customers as part of its “Go Broad, Go Deep” strategy to set up business in overseas markets. It is part of a move to partner with “high bar global regulators to build a crypto regulatory framework that allows crypto technology to continually drive innovation.”

Coinbase Launches Futures While it Fights for Regulations

The exchange said that while it established its business in US because it believed the country would lead advances in finance, the latest move is intended to advance the global financial system. The futures contracts will be available to customers who meet the Coinbase Advanced eligibility criteria. 

Read more: What Are Bitcoin Futures?

Trading will commence in the coming weeks, the exchange said. 

Coinbase is locked in an existential legal battle with the US Securities and Exchange Commission (SEC) over charges it operated as an unregistered broker-dealer. The company’s CEO Brian Armstrong has criticized the US for its slow approach to crypto regulation compared with other G20 countries.<

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Author: David Thomas

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