Coinbase has obtained a Bermuda license and may launch an offshore derivatives exchange

2023-04-20 07:38:19

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ChainCatcher news, according to a recent blog post published by Coinbase, the company has obtained a license issued by the Bermuda Monetary Authority. Coinbase stated, "Bermuda is one of the first financial centers to implement comprehensive digital asset regulation in 2018, and its regulatory environment has long been known for its high standards of rigor, transparency, compliance, and cooperation."

It is reported that the acquisition of the relevant license may be related to the upcoming offshore exchange. Coinbase has been exploring the launch of an offshore derivatives trading platform to trade cryptocurrency-related perpetual swap products. A report by Fortune magazine indicated that the exchange could launch as early as next week. (The Block)

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Derivatives Exchange Coinbase Bermuda

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