Coinbase secures Bermuda license, eyeing offshore derivatives exchange launch
Crypto exchange giant Coinbase has acquired a license from the Bermuda Monetary Authority, potentially enabling the launch of an offshore derivatives exchange as soon as next week. The company praised Bermuda as a well-regarded financial regulator in its blog post. The platform is expected to offer perpetual swaps, a popular, capital-efficient product in the crypto space, allowing traders to bet on the underlying crypto market.
