Shiba

Bermuda

Based

United

Shiba Inu

<ul> 
 <li><strong>The exchange has been granted permission by Bermuda Monetary Authority (BMA).</strong></li> 
 <li><strong>Coinbase aims to reduce its dependence on spot trading income.</strong></li> 
</ul> 
<p>Coinbase International exchange has expanded its perpetual futures offerings to customers outside of the United States. This comes after the second quarter saw the platform’s notional volume reach over $5.5 billion. The vast majority of which came from institutional traders.</p> 
<p>According to a recent release, Coinbase International Exchange has been granted permission by Bermuda Monetary Authority (<a href="https://www.bma.bm/" target="_blank" rel="noreferrer noopener nofollow">BMA</a>) to expand its services to non-US retail customers who meet certain criteria.</p> 
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  <p lang="en" dir="ltr">The expansion continues…<br><br>Thrilled to announce that Coinbase International Exchange has secured regulatory approval from the Bermuda Monetary Authority (BMA) to enable perpetual futures for non-US retail customers.</p>— Coinbase 
  <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6e1.png" alt="🛡" class="wp-smiley" style="height: 1em; max-height: 1em;">
  <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4de.png" alt="📞" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@coinbase) <a href="https://twitter.com/coinbase/status/1707390579087122528?ref_src=twsrc%5Etfw">September 28, 2023</a>
 </blockquote> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>When Coinbase first introduced trading in <a href="https://en.wikipedia.org/wiki/Perpetual_futures" target="_blank" rel="noreferrer noopener nofollow">perpetual futures</a> in May, it was only open to non-U.S. institutions. However, beginning on September 28th, Coinbase Advanced will allow non-US retail traders to validate their eligibility to trade perpetual futures. Trading is expected to officially begin in the following weeks.</p> 
<h3 class="wp-block-heading" id="h-diversifying-revenue-sources">Diversifying Revenue Sources</h3> 
<p>Coinbase is eager to engage with local authorities to guarantee compliance with local regulations and requirements. When other cryptocurrency exchanges are pulling out of different locations owing to increased scrutiny from local regulatory agencies, this dedication stands out.</p> 
<p>The service is provided by the Coinbase International Exchange, which is backed by an insurance fund and a liquidity support program&nbsp;that are both funded&nbsp;in USDC.</p> 
<p>In order to guarantee liquidity, the platform only works with independent, regulatory-compliant liquidity providers. This strategy is important because it represents <a href="https://thenewscrypto.com/vitalik-buterin-moves-400-eth-to-coinbase-raising-speculations/" target="_blank" rel="noreferrer noopener">Coinbase’s</a> effort to reduce its dependence on spot trading income. Something which has in the past impacted the stock’s performance after dismal quarterly results.</p> 
<p>Based on data provided by the exchange, perpetual futures trading makes up a significant portion (75%) of the worldwide cryptocurrency trading activity.</p> 
<p><strong>Highlighted Crypto News Today:</strong></p> 
<p><a href="https://thenewscrypto.com/shiba-inu-eyes-another-momentous-surge-in-october/" target="_blank" rel="noreferrer noopener">Shiba Inu Eyes Another Momentous Surge in October</a></p>

Coinbase Expands Perpetual Futures Trading to Non-US Retail Customers

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