Coinbase yesterday announced that it will now offer spot trading for non-US institutions on its cryptocurrency exchange, as part of its plan to expand its customer base outside of the United States.
This will initially include the listing of BTC-USDC and ETH-USDC pairs through API access on December 14 for non-US institutional clients only. In the coming months, Coinbase’s international arm will continue to add more digital assets to its platform and expand its services to retail customers.
Since launching its international arm, Coinbase has successfully onboarded over 100 institutions, with a total volume of approximately $10 billion in perpetual futures trading in the third quarter.
This move to expand internationally is important for Coinbase, as it faces challenges with regulators in the US.
