Coinbasevia its Bermuda-based subsidiary, will be offering perpetual futures for retail investors based outside the United States.
This Thursday, Coinbase has announced that its subsidiary Coinbase International Exchange has been approved by the United States Monetary Authority. Bermuda to offer trading of perpetual futures to individuals, except Americans.
Coinbase Advanced, a powerful retail trading platform, will begin offering perpetual futures trading in the coming weeks as we expand access to regulated derivatives to more global customers,” the company wrote on its blog.
Launched last May, the US giant’s offshore crypto derivatives platform was previously reserved for institutional investors. It recorded a transaction volume in excess of $5 billion in the second quarter of 2023, according to the announcement.
A pioneer in crypto regulation, last year the British archipelago announced its ambition to become a hub for this nascent sector. Long considered a tax haven, the Bermuda have, in 2019, been removed from the EU’s blacklist of tax havens.
Last month, Coinbase announced that it had received the green light from the US authorities to offer futures to retail investors in the United States.
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