We are excited to announce the next phase of our Coinbase International Exchange expansion – the launch of non-US spot markets for eligible customers. This latest development is designed to address the unique needs and demands of our global user base while reinforcing our strategic mission to expand international access to trusted products and services.

We envision a future where Coinbase International Exchange becomes a cornerstone of the global crypto ecosystem, offering capabilities that redefine the standards of the industry while staying true to our roots: trust, safety, and ease of use. 

Coinbase International Exchange launched in May 2023 and has grown significantly in recent months:

• Onboarded over 100 institutions, with approximately $10 billion in perpetual futures trading volume in Q3 alone.

• Launched perpetual futures to eligible retail users on Coinbase Advanced in October 2023

• Listed 15 perpetual contracts that cover more than 70% of the addressable perpetual futures trading market

• Increased maximum leverage to 10x for all listed contracts

As we continue to expand our global presence with Coinbase International Exchange, spot markets will deliver a seamless, enhanced trading experience for perpetual futures traders and provide global users with greater access to a trusted non-US spot exchange. By locating our servers in more accessible locations globally, we aim to significantly lower latency barriers and deliver a best-in-class trading experience for crypto users worldwide.

The launch and expansion of spot trading on Coinbase International Exchange will occur over several phases. On Thursday, December 14, we are listing BTC-USDC and ETH-USDC pairs via API access for non-US institutional clients only. Our primary focus at the outset will be to build liquidity and create a robust foundation. In the coming months, we plan to expand the product to include retail users, additional assets, and features that enable new trading strategies and enhance capital efficiency.

As announced in Phase II of our “Go Broad, Go Deep” strategy, we are focused on international expansion through the innovation of more efficient and accessible products and services. Coinbase International Exchange helps provide increased access to integrated spot and perpetual futures markets for eligible non-US users. In addition, we recognize the hesitancy among some asset issuers and members of the crypto community to engage with US exchanges due to the evolving and uncertain regulatory landscape in the United States. Coinbase International Exchange offers a trusted and compliant non-US spot market for those participants.

Stay tuned for regular updates on the launch here, and join us as we embark on a new era for the global crypto ecosystem.

Coinbase International Exchange is only available to non-US clients in select jurisdictions. US clients are strictly prohibited from access. Crypto-derivatives are not available to retail clients based in the United Kingdom.

Source: Coinbase