<\/strong>the cryptocurrency industry facing more regulatory challenges in the United States, the public crypto exchange Coinbase is moving forward with a global derivatives platform.<\/p>\nOn May 2, Coinbase announced the launch of the Coinbase International Exchange (CIE), a new institutional platform designed for crypto derivatives trading.<\/p>\n
The CIE will roll out trading by listing Bitcoin (BTC) and Ether (ETH) perpetual futures later this week. All trading on the CIE will be settled in Coinbase-backed stablecoin USD Coin (USDC), requiring no fiat on-ramps.<\/p>\n
Coinbase stressed that direct access trading on CIE is available to institutional clients via API in eligible, non-U.S. jurisdictions. \u201cThese products are not available to retail customers at this time,\u201d Coinbase added.<\/p>\n
According to the announcement, the new international crypto platform is launched with support of regulators in Bermuda. As previously reported, Coinbase obtained a license from the Bermuda Monetary Authority (BMA) by mid-April 2023. The Class F License allowed Coinbase to operate a digital asset exchange and a digital asset derivatives exchange provider as well as operate activities like token sales and issuance.<\/p>\n
Coinbase noted that Bermuda\u2019s regulatory environment is known for a \u201chigh level of transparency, compliance and cooperation.\u201d<\/p>\n
Bermuda is a self-governing British overseas territory with a parliamentary government. Similarly to the United Kingdom \u2014 where cryptocurrencies are currently legal \u2014 Bermuda has been somewhat friendly to crypto, growing increasingly bullish on the crypto industry recently.<\/p>\n
In late April, Miami International Holdings, the operator of the Bermuda Stock Exchange, purchased remnants of the collapsed FTX crypto exchange. The company specifically bought FTX\u2019s futures and options exchange and clearinghouse LedgerX for $50 million.<\/p>\n
Related: <\/em><\/strong>ARK Invest spends Int\u2019l Workers\u2019 Day buying $8M in Coinbase shares<\/em><\/strong><\/p>\nPreviously, Bermudan Premier and Finance Minister Edward Burt declared that the government remains open to crypto despite industry failures like FTX. Last year, local authorities also stated that Bermuda will keep its crypto hub ambitions despite the industry facing a massive bear market in 2022.<\/p>\n
As previously reported, Coinbase was planning to set up a global crypto exchange as of mid-March 2022. The first reports on Coinbase\u2019s upcoming international crypto platform came just a few days before the exchange officially announced that it received a Wells notice from the United States Securities and Exchange Commission. In response, Coinbase filed a motion against the SEC on April 25, asking the regulator to provide clarity on the industry regulations.<\/p>\n
Magazine: <\/em><\/strong>Crypto regulation \u2014 Does SEC Chair Gary Gensler have the final say?<\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"Amid the cryptocurrency industry facing more regulatory challenges in the United States, the public crypto exchange Coinbase is moving forward with a global derivatives platform. On May 2, Coinbase announced the launch of the Coinbase International Exchange (CIE), a new institutional platform designed for crypto derivatives trading. The CIE will roll out trading by listing […]<\/p>\n","protected":false},"author":1,"featured_media":18362,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-18361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"yoast_head":"\n
Coinbase International Exchange launches amid SEC crypto crackdown in the US | NFT & Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-international-exchange-launches-amid-sec-crypto-crackdown-in-the-us\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coinbase International Exchange launches amid SEC crypto crackdown in the US | NFT & Crypto News\" \/>\n<meta property=\"og:description\" content=\"Amid the cryptocurrency industry facing more regulatory challenges in the United States, the public crypto exchange Coinbase is moving forward with a global derivatives platform. On May 2, Coinbase announced the launch of the Coinbase International Exchange (CIE), a new institutional platform designed for crypto derivatives trading. The CIE will roll out trading by listing […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-international-exchange-launches-amid-sec-crypto-crackdown-in-the-us\/\" \/>\n<meta property=\"og:site_name\" content=\"NFT & Crypto News\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-02T13:11:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-02T13:11:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/05\/1683033061_f4d4d2c3-10ec-458f-9187-89686bd79be1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"799\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-international-exchange-launches-amid-sec-crypto-crackdown-in-the-us\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-international-exchange-launches-amid-sec-crypto-crackdown-in-the-us\/\"},\"author\":{\"name\":\"Staff\",\"@id\":\"https:\/\/nftandcrypto-news.com\/#\/schema\/person\/352194e8b0cb9ae3ad5480e201b5f792\"},\"headline\":\"Coinbase International Exchange launches amid SEC crypto crackdown in the US\",\"datePublished\":\"2023-05-02T13:11:01+00:00\",\"dateModified\":\"2023-05-02T13:11:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-international-exchange-launches-amid-sec-crypto-crackdown-in-the-us\/\"},\"wordCount\":417,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-international-exchange-launches-amid-sec-crypto-crackdown-in-the-us\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/05\/1683033061_f4d4d2c3-10ec-458f-9187-89686bd79be1.jpg\",\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-international-exchange-launches-amid-sec-crypto-crackdown-in-the-us\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-international-exchange-launches-amid-sec-crypto-crackdown-in-the-us\/\",\"url\":\"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-international-exchange-launches-amid-sec-crypto-crackdown-in-the-us\/\",\"name\":\"Coinbase International Exchange launches amid SEC crypto crackdown in the US | NFT & Crypto News\",\"isPartOf\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-international-exchange-launches-amid-sec-crypto-crackdown-in-the-us\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-international-exchange-launches-amid-sec-crypto-crackdown-in-the-us\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/05\/1683033061_f4d4d2c3-10ec-458f-9187-89686bd79be1.jpg\",\"datePublished\":\"2023-05-02T13:11:01+00:00\",\"dateModified\":\"2023-05-02T13:11:03+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-international-exchange-launches-amid-sec-crypto-crackdown-in-the-us\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-international-exchange-launches-amid-sec-crypto-crackdown-in-the-us\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-international-exchange-launches-amid-sec-crypto-crackdown-in-the-us\/#primaryimage\",\"url\":\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/05\/1683033061_f4d4d2c3-10ec-458f-9187-89686bd79be1.jpg\",\"contentUrl\":\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/05\/1683033061_f4d4d2c3-10ec-458f-9187-89686bd79be1.jpg\",\"width\":1200,\"height\":799},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-international-exchange-launches-amid-sec-crypto-crackdown-in-the-us\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nftandcrypto-news.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Coinbase International Exchange launches amid SEC crypto crackdown in the US\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nftandcrypto-news.com\/#website\",\"url\":\"https:\/\/nftandcrypto-news.com\/\",\"name\":\"NFT & Crypto News\",\"description\":\"Latest NFT and Crypto News\",\"publisher\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nftandcrypto-news.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/nftandcrypto-news.com\/#organization\",\"name\":\"NFT & Crypto News\",\"url\":\"https:\/\/nftandcrypto-news.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nftandcrypto-news.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2022\/02\/nft-logo-dark-1.png\",\"contentUrl\":\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2022\/02\/nft-logo-dark-1.png\",\"width\":844,\"height\":205,\"caption\":\"NFT & Crypto News\"},\"image\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/nftandcrypto-news.com\/#\/schema\/person\/352194e8b0cb9ae3ad5480e201b5f792\",\"name\":\"Staff\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nftandcrypto-news.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f1725824bb0aca42c3c5b57f7a3adb20?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f1725824bb0aca42c3c5b57f7a3adb20?s=96&d=mm&r=g\",\"caption\":\"Staff\"},\"sameAs\":[\"https:\/\/nftandcrypto-news.com\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Coinbase International Exchange launches amid SEC crypto crackdown in the US | NFT & Crypto News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-international-exchange-launches-amid-sec-crypto-crackdown-in-the-us\/","og_locale":"en_US","og_type":"article","og_title":"Coinbase International Exchange launches amid SEC crypto crackdown in the US | NFT & Crypto News","og_description":"Amid the cryptocurrency industry facing more regulatory challenges in the United States, the public crypto exchange Coinbase is moving forward with a global derivatives platform. On May 2, Coinbase announced the launch of the Coinbase International Exchange (CIE), a new institutional platform designed for crypto derivatives trading. The CIE will roll out trading by listing […]","og_url":"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-international-exchange-launches-amid-sec-crypto-crackdown-in-the-us\/","og_site_name":"NFT & Crypto News","article_published_time":"2023-05-02T13:11:01+00:00","article_modified_time":"2023-05-02T13:11:03+00:00","og_image":[{"width":1200,"height":799,"url":"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/05\/1683033061_f4d4d2c3-10ec-458f-9187-89686bd79be1.jpg","type":"image\/jpeg"}],"author":"Staff","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Staff","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-international-exchange-launches-amid-sec-crypto-crackdown-in-the-us\/#article","isPartOf":{"@id":"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-international-exchange-launches-amid-sec-crypto-crackdown-in-the-us\/"},"author":{"name":"Staff","@id":"https:\/\/nftandcrypto-news.com\/#\/schema\/person\/352194e8b0cb9ae3ad5480e201b5f792"},"headline":"Coinbase International Exchange launches amid SEC crypto crackdown in the US","datePublished":"2023-05-02T13:11:01+00:00","dateModified":"2023-05-02T13:11:03+00:00","mainEntityOfPage":{"@id":"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-international-exchange-launches-amid-sec-crypto-crackdown-in-the-us\/"},"wordCount":417,"commentCount":0,"publisher":{"@id":"https:\/\/nftandcrypto-news.com\/#organization"},"image":{"@id":"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-international-exchange-launches-amid-sec-crypto-crackdown-in-the-us\/#primaryimage"},"thumbnailUrl":"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/05\/1683033061_f4d4d2c3-10ec-458f-9187-89686bd79be1.jpg","articleSection":["Crypto"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/nftandcrypto-news.com\/crypto\/coinbase-international-exchange-launches-amid-sec-crypto-crackdown-in-the-us\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-international-exchange-launches-amid-sec-crypto-crackdown-in-the-us\/","url":"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-international-exchange-launches-amid-sec-crypto-crackdown-in-the-us\/","name":"Coinbase International Exchange launches amid SEC crypto crackdown in the US | NFT & Crypto News","isPartOf":{"@id":"https:\/\/nftandcrypto-news.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-international-exchange-launches-amid-sec-crypto-crackdown-in-the-us\/#primaryimage"},"image":{"@id":"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-international-exchange-launches-amid-sec-crypto-crackdown-in-the-us\/#primaryimage"},"thumbnailUrl":"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/05\/1683033061_f4d4d2c3-10ec-458f-9187-89686bd79be1.jpg","datePublished":"2023-05-02T13:11:01+00:00","dateModified":"2023-05-02T13:11:03+00:00","breadcrumb":{"@id":"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-international-exchange-launches-amid-sec-crypto-crackdown-in-the-us\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nftandcrypto-news.com\/crypto\/coinbase-international-exchange-launches-amid-sec-crypto-crackdown-in-the-us\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-international-exchange-launches-amid-sec-crypto-crackdown-in-the-us\/#primaryimage","url":"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/05\/1683033061_f4d4d2c3-10ec-458f-9187-89686bd79be1.jpg","contentUrl":"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/05\/1683033061_f4d4d2c3-10ec-458f-9187-89686bd79be1.jpg","width":1200,"height":799},{"@type":"BreadcrumbList","@id":"https:\/\/nftandcrypto-news.com\/crypto\/coinbase-international-exchange-launches-amid-sec-crypto-crackdown-in-the-us\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nftandcrypto-news.com\/"},{"@type":"ListItem","position":2,"name":"Coinbase International Exchange launches amid SEC crypto crackdown in the US"}]},{"@type":"WebSite","@id":"https:\/\/nftandcrypto-news.com\/#website","url":"https:\/\/nftandcrypto-news.com\/","name":"NFT & Crypto News","description":"Latest NFT and Crypto News","publisher":{"@id":"https:\/\/nftandcrypto-news.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nftandcrypto-news.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/nftandcrypto-news.com\/#organization","name":"NFT & Crypto News","url":"https:\/\/nftandcrypto-news.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nftandcrypto-news.com\/#\/schema\/logo\/image\/","url":"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2022\/02\/nft-logo-dark-1.png","contentUrl":"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2022\/02\/nft-logo-dark-1.png","width":844,"height":205,"caption":"NFT & Crypto News"},"image":{"@id":"https:\/\/nftandcrypto-news.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/nftandcrypto-news.com\/#\/schema\/person\/352194e8b0cb9ae3ad5480e201b5f792","name":"Staff","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nftandcrypto-news.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f1725824bb0aca42c3c5b57f7a3adb20?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f1725824bb0aca42c3c5b57f7a3adb20?s=96&d=mm&r=g","caption":"Staff"},"sameAs":["https:\/\/nftandcrypto-news.com"]}]}},"jetpack_featured_media_url":"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/05\/1683033061_f4d4d2c3-10ec-458f-9187-89686bd79be1.jpg","_links":{"self":[{"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/posts\/18361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/comments?post=18361"}],"version-history":[{"count":1,"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/posts\/18361\/revisions"}],"predecessor-version":[{"id":18363,"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/posts\/18361\/revisions\/18363"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/media\/18362"}],"wp:attachment":[{"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/media?parent=18361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/categories?post=18361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nftandcrypto-news.com\/wp-json\/wp\/v2\/tags?post=18361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}