Cryptocurrency exchange Coinbase has licensed it in Bermuda.
US-based cryptocurrency exchange Coinbase has announced that it has licensed it in Bermuda. With the license, the stock market wants to launch an overseas stock market in the coming months.
Coinbase To Launch Overseas Exchange After Bermuda License
While the regulation of cryptocurrencies in the USA is still not clear and the pressure on the sector is increasing, US-based companies are looking for new ways. One of these companies, Coinbase, announced in the past weeks that it can carry the derivatives exchange to its institutional customers.
announced that it has obtained a license from the Bermuda Monetary Authority, ermuda’s integrated financial regulator. Bermuda is one of the first countries in the world to offer a comprehensive legal framework for digital assets.
According to a source, Coinbase plans to open an offshore derivatives exchange in Bermuda next week.
In a report published by Bloomberg in March, Coinbase contacted institutional customers to inform them about an offshore trading platform. Coinbase CEO Brian Armstrong has warned that crypto companies could move to the high seas in the absence of a clear regulatory framework in the US.
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