Coinbase introduces spot crypto trading for institutional investors outside US

Institutional clients on the Coinbase International Exchange will be able to trade Bitcoin and Ether against USD Coin starting on Dec. 14.

United States-based cryptocurrency exchange Coinbase announced that institutional investors on its international exchange can access spot crypto trading services.

In a Dec. 13 announcement, Coinbase said institutional clients based outside the U.S. will be able to trade Bitcoin (BTC) and Ether (ETH) against USD Coin (USDC). The exchange said the services would launch on Dec. 14 and later expand to include retail investors, additional tokens, and “features that enable new trading strategies and enhance capital efficiency.”

“[W]e recognize the hesitancy among some asset issuers and members of the crypto community to engage with U.S. exchanges due to the evolving and uncertain regulatory landscape in the United States,” said Coinbase.

Read more

From Cointelegraph.com News https://cointelegraph.com/news/coinbase-spot-crypto-trading-international