Crypto exchange Coinbase has made a significant breakthrough in the global financial market by receiving regulatory approval from the Bermuda Monetary Authority (BMA). This approval allows Coinbase to offer perpetual futures to non-U.S. retail customers, furthering its mission to modernize the global financial system. This move demonstrates Coinbase’s commitment to providing economic freedom and opportunity to users worldwide.
Coinbase’s international exchange, launched earlier this year, already enabled institutional traders outside the United States to trade Bitcoin (BTC) and Ethereum (ETH) perpetual futures. With the recent regulatory approval from the Bermudian financial authority, Coinbase is now set to extend this offering to non-U.S. retail customers. Eligible users will be able to access perpetual futures on the platform in the coming weeks, after completing the necessary verification process.
Capitalizing on the Derivatives Market
Derivatives trading plays a significant role in the cryptocurrency market, accounting for approximately 75% of the total trading volume. By entering the derivatives market, Coinbase aims to tap into the largest sector of the crypto trading market. With this regulatory approval, Coinbase positions itself as a key contender in this domain, competing with a limited number of reputable players. This move not only expands Coinbase’s market reach but also solidifies its standing as a trusted and reliable platform for cryptocurrency trading.
Unveiling Coinbase’s International Expansion
This regulatory approval from the Bermudian financial authority is another milestone in Coinbase’s journey of international expansion. The exchange has already secured licenses in several European countries, including the Netherlands, Spain, Ireland, and Italy. These licenses provide Coinbase with the legal framework to operate in these jurisdictions, ensuring compliance with local regulations.
Coinbase’s vision of playing a pivotal role in modernizing the global financial system continues to shape its strategic moves. By expanding access to perpetual futures for eligible non-U.S. customers, Coinbase aims to provide more economic freedom and opportunities to users around the world. As Coinbase strengthens its position in both the derivatives market and international markets, it establishes itself as a go-to platform for traders seeking reliable and innovative cryptocurrency services.
Coinbase’s regulatory approval from the Bermuda Monetary Authority marks a significant milestone in the platform’s global expansion. With access to perpetual futures, non-U.S. retail customers will have the opportunity to diversify their cryptocurrency investments and navigate the dynamic crypto trading market. Coinbase’s commitment to facilitating economic freedom and updating the global financial system positions it as a key player in the financial revolution powered by blockchain. As Coinbase continues to solidify its presence in international markets and expand its product offerings, it is poised to revolutionize the way individuals and institutions engage with cryptocurrencies.