- Coinbase secures approval from Bermuda Monetary Authority to extend perpetual futures to non-US institutions and customers.
- The organization is dedicated to collaborating with global regulators to establish a crypto regulatory framework for ongoing innovation.
- Coinbase emphasizes its commitment to revamping the global financial landscape while adhering to strict compliance and regulatory standards.
Coinbase, a robust exchange platform, has announced that it has received additional approval from Bermuda Monetary Authority (BMA). This additional approval now allows the platform to extend its perpetual futures to non-US institutions and customers.
In pursuit of their Phase II strategy, the organization remains committed to collaborating with forward-thinking regulators worldwide. Their goal is to establish a crypto regulatory framework conducive to ongoing technological innovation.
The decision to establish their business in the US and become a publicly traded entity stems from their belief in the US leading financial system modernization. Nevertheless, by extending access to perpetual futures for eligible non-US clients, CoinBase is enthusiastic about advancing their mission to revamp the global financial landscape, fostering economic freedom and opportunities for users on a global scale. It is imperative here that users remember, that just recently Coinbase ceased function in India.
However, now the platform has developed perpetual futures contracts on their Coinbase International Exchange, adhering strictly to stringent compliance protocols. In Q2, these contracts garnered more than $5.5 billion in notional trading volume from institutional players.
Coinbase International Exchange is said to be guided by the comprehensive regulatory framework set forth by the BMA. Through this notion, the platform will ensure the maintenance of elevated standards in risk management, compliance, and safeguarding user interests.