Coinbase Expands with Offshore Crypto Derivatives Exchange Amid SEC Crackdown.

Coinbase has launched its International Exchange, offering Bitcoin and Ethereum perpetual futures to institutional clients. The exchange will settle trades in USD Coin and have several security features, including real-time 24/7 risk management, dynamic margin requirements, and rigorous compliance standards. The exchange will focus on high-bar regulatory jurisdictions and will be accessible to institutional clients in eligible non-US jurisdictions through an API. Retail customers will not initially have access. Coinbase is committed to the US but believes that countries worldwide are increasingly moving forward with responsible, crypto-forward regulatory frameworks.