Bloomberg: Coinbase will offer spot cryptocurrency trading outside the United States

ChainCatcher news, according to Bloomberg, Coinbase Global Inc. stated that some users are cautious about U.S. trading venues due to the uncertain regulatory environment in the United States. As part of its global expansion, Coinbase will launch spot cryptocurrency trading on its international exchange.

The company stated in a release that starting Thursday, institutional investors will initially be able to trade Bitcoin and Ethereum using the stablecoin USDC on the international platform. Greg Tusar, Coinbase's head of institutional products, said in an interview, "It's really important to have spot and derivatives trading happening simultaneously. They help each other and ensure there is a deep and liquid market. This is part of a positive and very exciting roadmap."