Bitcoin

USDC

Read

<div class="cryptonews">
 <p class="is-style-lead">Coinbase is introducing spot cryptocurrency trading on its international exchange, marking a significant step towards its global expansion strategy.&nbsp;</p>
 <p>Starting Dec. 14th, institutional traders can engage in Bitcoin (BTC) and Ether (ETH) transactions, paired with the USDC stablecoin. Greg Tusar, who leads institutional product development at Coinbase, emphasized the strategic importance of offering both spot and derivatives trading concurrently in an interview with Bloomberg.&nbsp;</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">We are excited to announce the next phase of our Coinbase International Exchange expansion – the <a rel="noopener noreferrer nofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a> of non-US spot markets for eligible customers, designed to address the unique needs and demands of our global user base. pic.twitter.com/JWEChT5BDa</p>— Coinbase ️ (@coinbase) December 13, 2023
   </blockquote>
  </div>
 </figure>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Will Bitcoin ETFs follow gold ETFs’ path to success?
 </div>
 <p>Coinbase’s expansion arrives when the SEC is actively pursuing legal action against the firm. The SEC alleges that Coinbase has operated an unauthorized exchange, brokerage, and clearing agency. These claims are part of a larger crackdown by the SEC due to several high-profile cryptocurrency failures, including the notable FTX collapse.</p>
 <p>The SEC has also targeted other major exchanges, such as Kraken and Binance, accusing them of operating without proper registration. Both firms have contested the SEC’s allegations. Additionally, the slow legislative process concerning cryptocurrency regulations in the U.S. Congress further complicates the regulatory landscape in the country.</p>
 <p>Despite these challenges, the cryptocurrency market has partially recovered from its 2022 downturn. The resurgence is partly driven by expectations that the SEC might soon approve its first spot Bitcoin ETFs. Although Coinbase’s stock value has seen significant growth this year, it remains below its peak valuation in 2021.</p>
 <p>Coinbase initially <a rel="noopener noreferrer nofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a>ed its <a rel="noopener noreferrer nofollow" title="international" href="https://thebittimes.com/tag/international.html">international</a> <a rel="noopener noreferrer nofollow" title="exchange" href="https://thebittimes.com/tag/exchange.html">exchange</a> in May, aiming to reduce its dependency on the U.S. market. The company plans to progressively introduce more tokens to the platform and eventually extend offshore spot <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> services to retail investors as market liquidity improves.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Binance challenges SEC lawsuit by arguing DoJ settlements not applicable
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/coinbase-launches-spot-crypto-trading-on-international-exchange-tbt73578.html">https://thebittimes.com/coinbase-launches-spot-crypto-trading-on-international-exchange-tbt73578.html</a></p>

Coinbase launches spot crypto trading on international exchange

TheBitTimes

Other articles published on Dec 13, 2023

Over $400,000 stolen from OKX DEX in a security breach

Revolutionizing Anonymity: Bitcoin Mixer Tumbler.io in the Era of Crypto Surveillance

Will Cardano Price Reach $10 in 2024?

Worldcoin Unveils World ID 2.0 With Major Platforms Integration

Real estate coin jumps 90% following Coinbase announcement to tokenize real world assets

BTC’s Round Trip Week Likely Caused By Short-Term Profit Taking

Join our free newsletter for daily crypto updates!