Coinbase Opens Offshore Crypto Derivatives Exchange
Briefly

Crypto trading firm Coinbase is opening a derivatives exchange in Bermuda as part of an international expansion plan that comes as the publicly traded firm faces regulatory headwinds at home.Called Coinbase International Exchange, the new facility will initially let traders bet on the price of bitcoin and ether via perpetual futures contracts with up to 5x leverage; all trades will settle in the stablecoin USDC.
Read at Coindesk
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