Coinbase to globally expand its crypto trading services
Coinbase Global Inc. (NASDAQ: COIN) is expanding globally by introducing spot crypto currency trading on its international exchange. The move comes in response to user concerns about uncertain regulatory conditions in the United States, prompting the platform to broaden its services internationally. Starting December 14, institutional investors can trade Bitcoin (BTC) and Ethereum (ETH) against the USDC stablecoin on the international platform, which currently emphasizes derivatives, as outlined in the company’s statement. The crypto currency market has experienced a partial recovery from the downturn in 2022, driven in part by investor anticipation of the United States potentially approving its first spot Bitcoin exchange-traded funds (ETF) in the coming weeks. Coinbase’s stock, which reached above $300 per share in 2021, has surged approximately fourfold this year to around $140 per share, as reported by Bloomberg on December 13. Developments among the exchange pla...