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Coinbase International Exchange, which already held a class F license from the Bermuda Monetary Authority (BMA), recently stated that it had gained additional regulatory permission allowing it to offer trading in eternal futures to non-U.S. retail consumers.When it first opened in May 2023, Coinbase International provided cryptocurrency derivatives trading for institutional clients. Following the most recent round of regulatory approval, Coinbase Advanced users will soon be able to trade regulated perpetual futures contracts. According to the marketplace, Coinbase Bermuda, which is supervised by the BMA, is in charge of the perpetual futures accounts.In its announcement, the cryptocurrency exchange stated that the regulatory license will provide retail traders access to the cryptocurrency derivatives market, which is controlled by institutions.Coinbase also made clear that it does not participate in market-making on its platform. It claimed that the exchanges’ liquidity is supplied by credible, third-party liquidity providers who have passed stringent compliance tests.In an advertisement, Coinbase asserted that their service would prove to be the most reliable entry point for retail traders into the derivatives market. Customers must first take a test to determine their eligibility for Coinbase International Exchange before they can open a Coinbase Advanced trading account.Also, a group of legal experts have submitted an amicus brief in favor of Coinbase.A month after getting the green light from the National Futures Association (NFA) to sell crypto futures investments to qualified U.S. institutional clients, Coinbase International has gotten authorisation to begin offering perpetual futures to retail consumers.Despite a regulatory dispute with the Securities and Exchange Commission over its services, Coinbase has continued to make inroads outside of the U.S. In early June, the regulator sued Coinbase, claiming that the exchange had broken local securities regulations by offering and selling unregistered securities.

Coinbase International Offering Retail Clients Perpetual Futures Trading

Blocksays

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