{"id":60416,"date":"2023-09-28T18:17:01","date_gmt":"2023-09-28T22:17:01","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=60416"},"modified":"2023-09-28T18:18:16","modified_gmt":"2023-09-28T22:18:16","slug":"coinbase-opens-futures-trading-to-non-us-users","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/coinbase-opens-futures-trading-to-non-us-users\/","title":{"rendered":"Coinbase Opens Futures Trading to Non US Users"},"content":{"rendered":"\n

Coinbase offers perpetual futures services to non-US retail consumers with a focus on compliance and market adaptation<\/a>.<\/p>\n\n\n\n

\"Coinbase
Coinbase Opens Futures Trading to Non US Users<\/figcaption><\/figure>\n\n\n\n

Perpetual futures services offered by Coinbase International's cryptocurrency exchange<\/a> are now available to retail consumers outside of the US. This milestone follows approximately $5.5 billion in notional volume, primarily from institutional trading, on the platform during the second quarter. <\/p>\n\n\n\n

According to a recent announcement, the extension was approved by a Bermuda regulator, enabling Coinbase International Exchange to expand its offerings to qualified non-US retail consumers.<\/p>\n\n\n\n

Coinbase's initial launch of perpetual futures trading in May was restricted to institutional investors outside the US. On the other hand, beginning on September 28, non-US retail traders will have the chance to confirm their suitability for trading perpetual futures on Coinbase Advanced. <\/p>\n\n\n\n

The start of trading activity is expected to happen in the next weeks. By collaborating with local regulators to ensure compliance, Coinbase is willing to abide by regional rules and norms. <\/p>\n\n\n\n

This dedication stands out, especially because other cryptocurrency exchanges are pulling out of various locations due to increased scrutiny from regional regulatory organizations. <\/p>\n\n\n\n

The insurance fund and liquidity support program, both of which are funded by USDC, provide financial support to the Coinbase International Exchange\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, which is in charge of providing the service.<\/p>\n\n\n\n

The platform sources liquidity from independent, compliant liquidity providers to ensure it. This strategy is essential because Coinbase wants to reduce its reliance on spot trading revenues, which in the past have impacted the performance of its shares after a quarter with subpar profits. <\/p>\n\n\n\n

The company aims for a balanced revenue mix in the dynamically changing crypto sector while also working to spread the risk associated with regulatory concerns.<\/p>\n\n\n\n

A Competitive Market <\/h2>\n\n\n\n

By providing these contracts, Coinbase joins other centralized exchanges like Deribit, Binance, and Bitfinex. DeFi derivatives choices from organizations like dYdX and Aevo are also becoming more prevalent. <\/p>\n\n\n\n

According to the exchange, perpetual futures trading accounts for up to 75% of the total volume of cryptocurrencies traded globally, making it a significant part of the cryptocurrency trading market.<\/p>\n\n\n\n

Coinbase has expanded into perpetual futures for non-US retail users to remain competitive and relevant in the market. It highlights the company's strategy change and ongoing efforts to adjust to the shifting environment of the Bitcoin market<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Coinbase offers perpetual futures services to non-US retail consumers with a focus on compliance and market adaptation. Perpetual futures services offered by Coinbase International’s cryptocurrency exchange are now available to retail consumers outside of the US. This milestone follows approximately $5.5 billion in notional volume, primarily from institutional trading, on the platform during the second […]<\/p>\n","protected":false},"author":43,"featured_media":60418,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32],"tags":[150,16581,1559],"class_list":["post-60416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","tag-coinbase","tag-futures-trading","tag-us"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/09\/croc_1695933848871.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/60416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=60416"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/60416\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/60418"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=60416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=60416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=60416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}