Coinbase, one of the leading crypto exchanges in the US, is reportedly considering launching a new trading platform for its overseas customers. This comes as no surprise given that recent regulatory scrutiny has been intensifying on major global cryptocurrency exchanges like Binance and Paxos.
If Coinbase does go ahead with this plan, it could potentially be a game-changer for international investors looking to trade cryptocurrencies without having to worry about local regulations or restrictions. It’s unclear at this point which country Coinbase will choose as the base of operations for their new exchange platform but they are likely exploring options around Europe and Asia where there is more favorable regulation towards crypto assets than in America right now.
This news should also bring some relief to institutional investors who have been wary of investing in digital assets due to uncertainty surrounding compliance requirements across different jurisdictions worldwide. With an officially regulated entity from Coinbase operating outside US borders, these concerns may be alleviated somewhat – allowing larger players such as hedge funds and family offices to invest confidently into cryptocurrencies knowing that their investments are secure under established laws governing financial services providers abroad (e.g., MiFID II).
Overall then it looks like we can expect another big move from one of the world’s top crypto exchanges if all goes according to plan here! We look forward seeing how things progress over time with regards both domestic & foreign markets when it comes down cryptocurrency investment opportunities going forward – stay tuned!
