Coinbase Launches Spot Trading for Institutional Clients Outside US


Coinbase has launched non-US spot markets for institutional investors, opening the door to BTC/USDC and ETH/USDC trading. Eligible non-US institutional customers will be able to access these pairs via API as from December 14, 2023 on its Coinbase International Exchange.

In an announcement published December 13, the US-based crypto platform said it hopes to expand the product to retail investors in the coming months. The move is part of its strategic mission to provide customers with trusted products and services.

Coinbase launched its international exchange in May this year, with the move coming amid the regulatory crackdown by the US Securities and Exchanges Commission (SEC). Since then, the platform has reportedly seen over 100 institutions onboarded, with its international platform registering nearly $10 billion in trading volumes for perpetual futures in the third quarter alone.

To enhance capital efficiency, Coinbase will unveil features designed to allow for new trading strategies. Growth included the launch of perpetual futures for eligible retail users on the company’s Coinbase Advanced, with the exchange also listing 15 perpetual contracts that account for over 70% of the addressable perpetual futures trading market.

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