Coinbase launches international perps exchange

Crypto exchange Coinbase is officially entering the crypto perps market.

The firm, which has made headlines in recent weeks for its brouhahas with U.S. regulators and its plans to set up shop overseas, said Tuesday that it would enable international users to trade so-called perpetual futures out of Bermuda through a new platform.

Dubbed Coinbase International Exchange, the platform touts a robust trading experience delivered in partnership with a number of external market makers ready to provide liquidity, as well as a liquidation framework that “meets rigorous compliance standards,” according to marketing materials shared with The Block.