Coinbase receives regulatory approval, international exchange can offer retail perpetual contract trading

Despite facing regulatory uncertainties in the United States and being embroiled in lawsuits with the SEC, Coinbase remains actively expanding its international market through compliant international exchanges. With regulatory approval, Coinbase International Exchange is now able to offer derivatives trading to non-U.S. retail investors.

Coinbase Receives Regulatory Approval to Offer Perpetual Contract Trading to Non-US Retail Traders

According to previous reports, Coinbase obtained a license from the Bermuda Monetary Authority (BMA) at the end of April to launch an offshore derivatives exchange in the region, allowing non-US institutional users to trade perpetual contracts.

On the 28th, Coinbase further announced that Coinbase Global Exchange has received additional regulatory approval from BMA to expand perpetual contract trading to non-US retail users. In the coming weeks, services on Coinbase Advanced will be made available to eligible customers.

Coinbase stated that it adheres to the robust regulatory framework established by BMA, maintaining high standards of risk management, compliance, and user protection. As of the second quarter, institutional trading volume has exceeded $5.5 billion.