Tag: Exchange

Coinbase Launches International Crypto Derivatives Exchange

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Coinbase has launched a global cryptocurrency derivatives exchange days after disclosing that it was going offshore with a Bermuda license. The US-based digital asset exchange said the new platform is only open to only eligible, non-US institutional traders. The new platform on Tuesday listed Bitcoin (BTC) and Ether (ETH) perpetual futures contracts, Coinbase said in a blog post, adding that the platform currently only offers 5x leverage, with all trades settled in stablecoin USD Coin (USD). It’s official! Coinbase International Exchange is here. Institutional traders in eligible non-US jurisdictions now…

Coinbase Opens Offshore Crypto Derivatives Exchange

“Rest assured that Coinbase is committed to the U.S., but countries around the world are increasingly moving forward with responsible crypto-forward regulatory frameworks to strategically position themselves as crypto hubs,” Coinbase said in a blog post. “We would like to see the US take a similar approach instead of regulation by enforcement which has led to a disappointing trend for crypto development in the U.S.” Source

Coinbase International Exchange launches amid SEC crypto crackdown in the US

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As the cryptocurrency industry faces regulatory challenges in the United States, public crypto exchange Coinbase is moving forward with a global derivatives platform. On May 2, Coinbase announced the launch of the Coinbase International Exchange (CIE), a new institutional platform designed for crypto derivatives trading. The CIE will start trading by listing Bitcoin (BTC) and Ether (ETH) perpetual futures later this week. All trading on the CIE will be settled in Coinbase-backed stablecoin USD Coin (USDC), requiring no fiat on-ramps. Coinbase stressed that direct access trading on CIE is available to…

DCG-owned crypto exchange Luno loses a top global exec

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DCG, Luno’s parent company, has been grappling with the ongoing fallout from last year’s plunge in token prices and the collapse of FTX. Rafael Henrique | Sopa Images | Lightrocket via Getty Images Vijay Ayyar, a senior executive at cryptocurrency exchange Luno and one of its earliest employees, is leaving the company. Ayyar, who is Luno’s vice president of corporate development and international, resigned from the firm after seven years working there, he told CNBC Tuesday. It comes after the company, which is owned by Digital Currency Group, announced the…

3AC founders run into fresh trouble in Dubai over new exchange OPNX

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The co-founders of failed crypto hedge fund Three Arrow Capital, Su Zhu and Kyle Davies, have run into fresh trouble over operating and promoting their new digital-asset exchange OPNX without the required local license in Dubai. According to a report published in Bloomberg, Dubai’s Virtual Assets Regulatory Authority (VARA) sent a written notice to Zhu and Davies along with two other executives of OPNX. The digital asset regulatory body, in a statement to Bloomberg, said they are still investigating the activities of the newly found exchange and reportedly assured corrective…

Aussie crypto exchange kicks off US expansion despite ‘regulatory risk’

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Australian crypto exchange Coinjar is seeking to put its boots on the ground in the United States, with its CEO seemingly unfazed by the market’s “regulatory risk.” In an interview with The Australian on May 1, Coinjar CEO and co-founder Asher Tan said he saw opportunity despite a recent wave of U.S. crypto firms sounding alarm bells over the government’s approach to regulation. “Where other exchanges see regulatory risk, we see opportunity,” he said, adding: “We’ve always understood that regulation has a key role to play in crypto’s future and…