Coinbase Launches Derivative Exchange
May, 2023

Coinbase Launches Derivative Exchange

Coinbase launches in the next months, a new derivative exchange, based in Bermudas, as the existing legal framework in the USA doesn’t cover a similar activity.


The basic problem in the regulation is the use of perpetual futures, that can’t be covered from a legal point of view.


The use of the exchange will be available only to institutional investors, through an API developed from the company.


In the first phase, the new exchange will offer perpetual futures for Bitcoin and Ethereum under leverage 5x, a relatively low number for the crypto market standards.


This will be an important step for Coinbase as the USA are having more and more aggressive stance against cryptos.