Crypto exchange Coinbase will soon be offering the option to spot trade cryptocurrencies outside of the U.S. as part of its global expansion efforts, the company announced in a blog post Wednesday. Starting Thursday, Coinbase’s international exchange will allow institutional customers to trade bitcoin and ether against the USDC stablecoin. Retail investors will have to wait a few more months to do the same and for other assets to be rolled out on the platform. Coinbase’s international exchange launched in May of this year, initially only as a derivatives exchange, a popular trading strategy among crypto investors that requires hefty oversight in the US.
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