Coinbase, a leading cryptocurrency platform, has been granted regulatory approval from the Bermuda Monetary Authority (BMA) to offer perpetual futures trading services to retail customers outside the United States. This move marks a strategic step towards Coinbase’s global expansion in the cryptocurrency market.The global futures market is a key component of the crypto industry, accounting for nearly 80% of the total crypto market. Coinbase International Exchange is now able to tap into the immense trading activity in the crypto derivatives space, which reached $1.85 trillion worldwide in July.Coinbase CEO Brian Armstrong has been vocal about the need for clear and consistent regulatory frameworks in the United States. Armstrong believes that transparent rules are essential for the industry’s success and investor confidence. He has expressed frustration with US regulators and hinted at the possibility of relocating the company if regulatory conditions do not improve.

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Information	Details
Geography	Global
Countries	🇧🇲 🇺🇸
Sentiment	positive
Relevance Score	10
People	Brian Armstrong, Bermuda Monetary Authority
Companies	CCData, Coinbase, Bermuda Monetary Authority, Coinbase International Exchange, Brian Armstrong
Currencies	None
Securities	None