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Coinbase Launches International Exchange as Tensions With US Regulators Grow

  • New exchange to list Bitcoin, Ether perpetual futures
  • Company faces legal uncertainty with SEC’s crackdown

Coinbase Global Inc. is launching an international derivatives exchange for institutional crypto traders outside the US, seeking to diversity its business amid souring relations with American regulators.

The new platform, Coinbase International Exchange, will list Bitcoin and Ether perpetual futures starting this week after it received a license last month from the Bermuda Monetary Authority.