The Coinbase exchange is considering options to create a cryptocurrency platform that will not be subject to U.S. authorities.
As Bloomberg specifies, the cryptocurrency company has already begun talks with its institutional clients. If desired, large capital will be able to buy and sell digital assets on this trading platform.
The decision to launch a foreign platform was made against the backdrop of increased control over the blockchain industry in the United States.
Institutional investors not only from the United States, but also from other countries, will be able to use its services. They will have access to open-ended swaps linked to the value of digital currencies.
Meanwhile, the market for crypto derivatives continues to be dominated by the world’s largest exchange, Binance, reports The Block.
Shares of Coinbase on the stock market rose more than 7% last Friday on news of the planned launch of a global platform.
In addition, the exchange wants to gain a foothold in the market for nonreciprocal tokens. In April 2022, it became known about Coinbase’s plans to create an NFT-marketplace.