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 <p class="paragraph">Coinbase Global Inc. (NASDAQ: COIN) is expanding <a rel="noopener noreferrer nofollow" title="globally" href="https://thebittimes.com/tag/globally.html">globally</a> by introducing spot <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> on its international exchange. The move comes in response to user concerns about uncertain regulatory conditions in the United States, prompting the platform to broaden its <a rel="noopener noreferrer nofollow" title="services" href="https://thebittimes.com/tag/services.html">services</a> internationally.</p>
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 <p class="paragraph">Starting December 14, institutional investors can trade Bitcoin (BTC) and Ethereum (ETH) against the USDC stablecoin on the international platform, which currently emphasizes derivatives, as outlined in the company’s statement.</p>
 <p class="paragraph">The <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency market has experienced a partial recovery from the downturn in 2022, driven in part by investor anticipation of the United States potentially approving its first spot Bitcoin exchange-traded funds (ETF) in the coming weeks. Coinbase’s stock, which reached above $300 per share in 2021, has surged approximately fourfold this year to around $140 per share, as reported by <em>Bloomberg</em> on December 13.</p>
 <h2 class="wp-block-heading" id="h-developments-among-the-exchange-platforms">Developments among the exchange platforms</h2>
 <p class="paragraph">In May, Coinbase launched its international exchange as a strategic move to diversify beyond the United States. The platform plans to gradually introduce more tokens and extend offshore spot trading to retail investors as liquidity increases.</p>
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 <p class="paragraph">However, exchange platforms are troubled by constant legal issues; the US Securities and Exchange Commission (SEC) has filed a lawsuit against Coinbase, accusing the nation’s largest digital asset platform of operating an illegal exchange, broker, and clearing agency. Coinbase contests these allegations, part of a broader SEC enforcement effort prompted by a series of cryptocurrency failures, notably the FTX wipeout.</p>
 <p class="paragraph">The SEC has initiated legal action against the Kraken and Binance exchanges, alleging a failure to register with the regulatory agency. Both firms have rebuffed the watchdog’s assertions. Concurrently, the sluggish advancement of cryptocurrency-related bills in Congress contributes to the unclear regulatory landscape in the United States.</p>
 <p class="paragraph">Binance, once the most prominent global digital asset exchange, has seen a decline in its dominance due to various official investigations, creating opportunities for competitors. In the previous month, Binance admitted guilt concerning US anti-money-laundering and sanctions violations, resulting in a substantial $4.3 billion penalty.</p>
 <p class="paragraph">This paves the way for the emergence and success of its competitors, among which is Coinbase.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/coinbase-to-globally-expand-its-crypto-trading-services-tbt73580.html">https://thebittimes.com/coinbase-to-globally-expand-its-crypto-trading-services-tbt73580.html</a></p>

Coinbase to globally expand its crypto trading services

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