COINBASE is Moving Out of the US

Coinbase, one of the largest cryptocurrency exchanges in the world currently based in the US, recently announced the launch of its international offshore crypto exchange offering derivatives. This move comes after the company had troubles with US regulators notably the SEC, in the last couple of years and really rough market conditions made it even harder for the publicly traded company to be profitable. Coinbase stock is down 88% since its IPO.

The international crypto exchange will offer customers in more than 100 countries around the world access to Coinbase's extensive selection of cryptocurrencies. The exchange will also provide features such as high liquidity, low fees, and a user-friendly interface. Derivatives will be added to the new facility letting traders bet on the price of Bitcoin and Ethereum via perpetual futures contracts with up to five times leverage and all trades will settle in the stablecoin USDC.

This could potentially generate more trading volume and transaction fees for Coinbase, leading to higher revenue and profits. Furthermore, offering derivatives leveraged trading could attract a new set of customers who are seeking more advanced trading tools, thereby expanding Coinbase's customer base and strengthening its competitive position in the cryptocurrency exchange market.

Would you use Coinbase's new international exchange?