Crypto trading firm Coinbase is opening a derivatives exchange in Bermuda as part of an international expansion plan that comes as the publicly traded firm faces regulatory headwinds at home. The move represents Coinbase's latest incursion into derivative trading, one of the most popular corners of the global crypto market despite being effectively iced out of the U.S. "Rest assured that Coinbase is committed to the U.S., but countries around the world are increasingly moving forward with responsible crypto-forward regulatory frameworks to strategically position themselves as the crypto centre," Coinbase mentioned in a blog post.
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