Coinbase International Exchange to Launch Spot Markets for Non-US Customers
Exciting Expansion for Global Crypto Ecosystem
Summary: Coinbase International Exchange announces the launch of non-US spot markets, a significant move aimed at catering to the unique needs of its global user base. This marks a pivotal step in Coinbase's strategic mission to provide international access to trusted crypto products and services.
Rapid Growth Since May 2023
Since its inception in May 2023, Coinbase International Exchange has experienced substantial growth. Key milestones include:
- Onboarding over 100 institutions.
- Generating approximately $10 billion in perpetual futures trading volume in Q3.
- Introducing perpetual futures to eligible retail users in October 2023.
- Listing 15 perpetual contracts, covering over 70% of the perpetual futures trading market.
- Increasing maximum leverage to 10x for all contracts.
Spot Markets: Elevating the Trading Experience
The integration of spot markets into Coinbase International Exchange is set to revolutionize the trading experience. This expansion will:
- Provide a seamless trading experience for perpetual futures traders.
- Offer global users access to a trusted non-US spot exchange.
- Lower latency barriers by strategically locating servers worldwide.
Phased Launch Strategy
The spot trading launch on Coinbase International Exchange will unfold in stages:
- Phase 1: On December 14, BTC-USDC and ETH-USDC pairs will be listed for non-US institutional clients via API access.
- Subsequent Phases: Plans include extending services to retail users, adding more assets, and introducing features to support innovative trading strategies and enhance capital efficiency.
“Go Broad, Go Deep” Strategy: Focusing on International Expansion
Under the "Go Broad, Go Deep" strategy, Coinbase is committed to international expansion by innovating more efficient and accessible products and services. The Exchange aims to:
- Facilitate access to integrated spot and perpetual futures markets for eligible non-US users.
- Offer a compliant and trusted non-US spot market, especially for those wary of the uncertain US regulatory environment.
A New Era for Global Crypto
Coinbase International Exchange stands at the forefront of a new era in the global crypto ecosystem. Regular updates will be provided on this groundbreaking development.
Note: Coinbase International Exchange is available only to non-US clients in selected jurisdictions. Access is strictly prohibited for US clients, and crypto-derivatives are not available to retail clients in the United Kingdom.
