Coinbase International Exchange Launches Spot Crypto Trading Cryptocurrency exchange Coinbase (Nasdaq: COIN) has announced the launch of spot markets on Coinbase International Exchange. The exchange will roll out spot trading in several phases, with a focus on building liquidity and creating a robust foundation. Expansion of Product and AccessThe initial launch will include
BTC-USDC and ETH-USDC pairs via API access for non-U.S. institutional clients, with plans to expand the product to include retail users, additional assets, and features for new trading strategies and enhanced capital efficiency in the coming months.
Platform Details and GrowthCoinbase International Exchange, launched in May 2023, is available to non-U.S. clients in select jurisdictions. The platform offers institutional clients access to
BTC, ETH, LTC, XRP, SOL, and AVAX perpetual futures contracts. Since its launch, the platform has onboarded over 100 institutions, with approximately
$10 billion in perpetual futures trading volume in Q3. Recent DevelopmentsIn October, the exchange launched perpetual futures to eligible retail users on Coinbase Advanced, a platform designed for experienced traders.
It has also listed 15 perpetual contracts covering more than 70% of the addressable perpetual futures trading market and increased maximum leverage to 10x for all listed contracts.
