Coinbase has announced the next phase of its Coinbase International Exchange expansion – the launch of non-US spot markets for eligible customers.
This latest development is designed to meet the unique needs and demands of Coinbase’s global user base, while furthering its strategic mission to expand international access to trusted products and services.
The launch and expansion of direct trading on the Coinbase International Exchange will take place in several phases. On Thursday, December 14, the Exchange introduces BTC-USDC and ETH-USDC pairs via API access for non-US institutional clients only.
The main focus at the beginning will be building liquidity and establishing a strong foundation. In the coming months, Coinbase International Exchange plans to expand the product to include retail users, additional assets and features that enable new trading strategies and improve capital efficiency.
Coinbase recognizes the reluctance among some asset issuers and members of the crypto community to engage with US exchanges due to the evolving and uncertain regulatory landscape in the United States. Coinbase International Exchange says it offers a reliable and compliant non-US spot market for these participants.