The largest cryptocurrency exchange in the United States announced the launch of the Coinbase International Exchange, expanding access to digital assets for institutional clients. The new firm follows regulatory approval from the Bermuda Monetary Authority (BMA), and the new exchange will initially offer Bitcoin (BTC) and Ethereum (ETH) perpetual futures. Unlike traditional futures, where buyers and sellers are obligated to execute the deal on a set date regardless of market conditions, perpetual futures don’t have an expiration period, meaning traders can hold their positions indefinitely.
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