The Coinbase exchange is considering options for creating a cryptocurrency platform that will not be subject to US authorities.
As Bloomberg clarifies, the crypto company has already begun negotiations with its institutional clients. If desired, large capital will be able to purchase and sell digital assets on this trading platform.
The decision to launch a foreign platform was made against the backdrop of increased control over the blockchain industry in the United States.
Institutions can use its services not only from the United States, but also from other countries. They will have access to perpetual swaps tied to the value of digital currencies.
At the same time, the world’s largest exchange Binance continues to dominate the crypto derivatives market, The Block reports.
Shares of Coinbase on the stock market last Friday rose by more than 7% on the news of the planned launch of the global platform.
In addition, the exchange wants to gain a foothold in the market of non-fungible tokens. In April 2022, it became known about Coinbase’s plans to create an NFT marketplace.
