Coinbase’s international exchange to launch spot crypto trading

COINBASE said it will begin offering spot crypto trading services on its international exchange on Wednesday (Dec 13) as the company expands its base beyond the US.

Spot trading on the company’s international exchange, which is currently geared towards derivatives trading, will roll out in phases starting with the digital currencies bitcoin and ether against USDC stablecoin on Dec 14, Coinbase said in a blog post.

Bloomberg News first reported on the development.

The US Securities and Exchange Commission sued Coinbase in June for allegedly selling unregistered securities, which the company denies, part of a broader US crackdown on the industry following some high-profile collapses including FTX.

Coinbase’s shares edged 0.5 per cent higher on Wednesday after rising nearly four times so far this year. REUTERS