Coinbase, the renowned cryptocurrency trading platform, has announced that its Bermuda-based entity, Coinbase International Exchange, has received regulatory approval from the Bermuda Monetary Authority (BAM) to offer perpetual futures to retail customers outside the United States.
The move marks Coinbase’s entry into the rapidly growing market for perpetual futures, which have become dominant in cryptocurrency trading abroad.
According to Barron’s report, this development not only positions the US-based exchange as a direct competitor to Binance, the current leader in the crypto perpetual-futures market, but also signifies the platform’s expansion strategy and commitment to providing a comprehensive range of services to its global user base.
Coinbase Expands Reach Into Lucrative Crypto Market
Perpetual futures are derivative financial instruments enabling investors to make leveraged bets on cryptocurrencies without expiration. Unlike traditional futures contracts, perpetual closely track the underlying asset’s price.
These instruments have gained significant popularity among retail investors due to their ability to facilitate leveraged trading with lower upfront capital requirements.
Coinbase launched its international exchange in May, targeting institutional investors outside the United States, and subsequently introduced perpetual futures contracts.
With regulatory approval to offer perpetual futures to retail customers, Coinbase is now poised to tap into the potential of the largest crypto market. By expanding its product offerings and geograp
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Author: Ronaldo Marquez
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