Coinbase International Exchange is a Class F license holder from the Bermuda Monetary Authority (BMA). declare The company has received additional regulatory approval allowing the platform to offer perpetual futures trading to non-U.S. retail customers.
Launched in May 2023, Coinbase International already provides cryptocurrency derivatives services to institutional clients. Following the latest regulatory approvals, the cryptocurrency platform will begin offering regulated perpetual futures contracts on the Coinbase Advanced platform to eligible clients in the coming weeks. The exchange informed that the perpetual futures account is maintained by Coinbase Bermuda Limited, which is regulated by the BMA.
The cryptocurrency exchange claimed in the announcement that nearly 75% of cryptocurrency trading volume comes from the derivatives market, and recent regulatory approvals will help retail traders enter the cryptocurrency derivatives market, which is mainly dominated by institutions.
The cryptocurrency platform also noted that Coinbase does not participate in market making and said the exchange’s liquidity is provided by established independent liquidity providers that have undergone thorough compliance reviews.
Coinbase claims that its platform will prove to be the right gateway for retail traders to enter the derivatives market in a safe and compliant manner. Coinbase International Exchange is only available to non-U.S. consumers in a limited number of countries, and customers are tested to assess their eligibility for the product before opening a Coinbase Advanced trading account.
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Coinbase International was recently approved to offer perpetual futures to retail clients, just a month after the platform received approval from the National Futures Association (NFA) to offer cryptocurrency futures investments to qualified institutional clients in the United States.
Coinbase continues to make strides outside the U.S. despite facing regulatory struggles from the U.S. Securities and Exchange Commission over its services. Regulators filed a lawsuit against Coinbase in early June, accusing the exchange of violating local securities laws by selling unregistered securities.
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