Coinbase Expands Spot Crypto Trading to International Platform Amid US Regulatory Concerns

The move allows institutional investors to trade Bitcoin and Ether against the USDC stablecoin, with plans to include retail investors and more tokens in the future.

• Coinbase Global is expanding its services to include spot crypto trading on its international exchange, citing concerns over the uncertain regulatory landscape in the U.S.
• The new service will initially allow institutional investors to trade bitcoin and ether against the USDC stablecoin.
• The U.S. Securities and Exchange Commission (SEC) is currently suing Coinbase for allegedly operating an illegal exchange, broker, and clearing agency.
• Coinbase's international exchange was launched in May as part of efforts to diversify away from the U.S.
• Coinbase plans to list more tokens on the platform over time and open up offshore spot trading to retail investors as liquidity builds.

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