Coinbase introduces spot crypto trading for international institutions

Coinbase is introducing spot crypto trading on its international exchange.

The launch, which starts Thursday, allows institutional international investors to trade both bitcoin and ether against the USDC stablecoin. The exchange, which started in May, previously offered derivatives.

“In the coming months, we plan to expand the product to include retail users, additional assets and features that enable new trading strategies and enhance capital efficiency,” Coinbase said in a press release.

The move is also meant to relieve some hesitation from those who are worried about engaging with US exchanges due to the uncertain regulatory environment.

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