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News Explorer — Coinbase Explores Overseas Crypto Trading Platform to Diversify Revenue Streams

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Mar 17, 4:38 pm

www.bloomberg.com

Coinbase Explores Overseas Crypto Trading Platform to Diversify Revenue Streams

Coinbase Global Inc. has been in talks with institutional clients about the potential of setting up a crypto-trading platform overseas, as the US intensifies its crackdown on cryptocurrencies. The firm has yet to decide where the platform might be based, but has been speaking to market makers about connecting to it. Coinbase is assessing geographic options and meeting with government officials in high-bar regulatory jurisdictions.

Coinbase Global Inc. has been in talks with institutional clients about the potential of setting up a crypto-trading platform overseas, as the US intensifies its crackdown on cryptocurrencies. The firm has yet to decide where the platform might be based, but has been speaking to market makers about connecting to it. Coinbase is assessing geographic options and meeting with government officials in high-bar regulatory jurisdictions.

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