{"id":2539970,"date":"2023-05-02T12:22:56","date_gmt":"2023-05-02T16:22:56","guid":{"rendered":"https:\/\/platoai.gbaglobal.org\/platowire\/coinbase-introduces-a-new-offshore-derivatives-exchange-in-bermuda\/"},"modified":"2023-05-02T12:22:56","modified_gmt":"2023-05-02T16:22:56","slug":"coinbase-introduces-a-new-offshore-derivatives-exchange-in-bermuda","status":"publish","type":"platowire","link":"https:\/\/platoai.gbaglobal.org\/platowire\/coinbase-introduces-a-new-offshore-derivatives-exchange-in-bermuda\/","title":{"rendered":"Coinbase introduces a new offshore derivatives exchange in Bermuda."},"content":{"rendered":"
Coinbase, one of the world’s leading cryptocurrency exchanges, has recently announced the launch of a new offshore derivatives exchange in Bermuda. This move is aimed at expanding the company’s reach and providing its customers with access to a wider range of financial products.<\/p>\n
The new exchange, called Coinbase Prime, will offer a variety of trading options, including margin trading and over-the-counter (OTC) trading. It will also provide customers with access to a range of financial instruments, such as futures and options contracts.<\/p>\n
Bermuda was chosen as the location for the new exchange due to its favorable regulatory environment and its reputation as a hub for international business. The island nation has been actively working to attract fintech companies and has established a regulatory framework that is supportive of digital assets.<\/p>\n
Coinbase Prime will be operated by Coinbase’s subsidiary, Coinbase Global Markets, which is registered with the US Commodity Futures Trading Commission (CFTC) as a futures commission merchant. This means that the exchange will be subject to US regulatory oversight, ensuring that it operates in a transparent and secure manner.<\/p>\n
The launch of Coinbase Prime is a significant step for Coinbase, as it marks the company’s entry into the derivatives market. Derivatives are financial instruments that derive their value from an underlying asset, such as a cryptocurrency. They are commonly used by traders to hedge their positions or to speculate on price movements.<\/p>\n
By offering derivatives trading, Coinbase is positioning itself as a more comprehensive financial services provider, catering to the needs of both retail and institutional investors. This move is also in line with the company’s goal of becoming a one-stop-shop for all things crypto-related.<\/p>\n
However, it is worth noting that derivatives trading can be complex and carries a higher level of risk than traditional spot trading. As such, Coinbase has stated that it will only offer derivatives trading to customers who meet certain eligibility criteria, such as having a minimum net worth of $1 million.<\/p>\n
In conclusion, the launch of Coinbase Prime is a significant development for the cryptocurrency industry, as it signals a growing interest in derivatives trading and the increasing maturity of the market. By expanding its offerings to include derivatives, Coinbase is positioning itself as a leader in the space and is likely to attract a wider range of customers. However, it is important for investors to understand the risks involved in derivatives trading and to only invest what they can afford to lose.<\/p>\n
Coinbase, one of the world’s leading cryptocurrency exchanges, has recently announced the launch of a new offshore derivatives exchange in Bermuda. This move is aimed at expanding the company’s reach and providing its customers with access to a wider range of financial products. The new exchange, called Coinbase Prime, will offer a variety of trading […]<\/p>\n","protected":false},"author":2,"featured_media":2527036,"menu_order":0,"template":"Default","format":"standard","meta":[],"aiwire-tag":[560,6239,1571,8817,11,441,17,132,18,343,20,21,851,852,790,344,23,316,368,27,724,29,218,219,2783,6328,857,21966,7915,2660,860,10686,21973,4810,727,222,2017,729,2788,2336,151,4822,1187,864,5377,14395,590,4388,21976,12293,867,868,870,687,10688,376,1414,377,739,875,161,1748,4604,466,3239,2584,1013,3644,50,1620,3051,51,21978,21980,1222,13156,1515,243,12243,288,2805,690,56,7758,475,57,749,389,326,58,4893,5597,3262,1038,2358,17450,477,13695,1235,172,479,60,7429,61,62,1429,483,1901,291,2090,65,1054,6647,1654,660,2738,68,891,2362,295,255,1251,1659,1528,69,1064,6207,3064,3112,1531,2835,179,1445,75,76,77,1670,4565,78,183,487,8078,5329,261,9597,5,10,7,8,4282,6306,1683,24716,3122,1813,190,1757,661,191,703,356,6491,1100,6624,4627,2853,412,705,496,17075,95,1114,3442,99,100,23004,1459,1119,778,912,4483,103,4637,107,108,109,360,110,2294,111,2763,2694,17424,1297,509,2439,514,916,429,1730,340,9,520,311,1381,124,125,341,362,1741,6],"aiwire":[31023],"_links":{"self":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/platowire\/2539970"}],"collection":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/platowire"}],"about":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/types\/platowire"}],"author":[{"embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/users\/2"}],"version-history":[{"count":0,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/platowire\/2539970\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/media\/2527036"}],"wp:attachment":[{"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/media?parent=2539970"}],"wp:term":[{"taxonomy":"aiwire-tag","embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/aiwire-tag?post=2539970"},{"taxonomy":"aiwire","embeddable":true,"href":"https:\/\/platoai.gbaglobal.org\/wp-json\/wp\/v2\/aiwire?post=2539970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}