The largest US crypto exchange platform by volume is reportedly developing an overseas trading platform in response to a domestic crackdown on crypto assets.
According to a new report from Bloomberg, anonymous sources familiar with the matter say that Coinbase is considering whether to launch a foreign trading platform as US regulators tighten their control over the crypto industry.
The sources say that Coinbase is currently discussing the possibility of setting up an alternative trading network for global customers that would be separate from its main marketplace with its institutional clients.
The exchange giant’s potential expansion comes at a tumultuous time, as lawmakers set their sights on the industry due to numerous high-profile incidents last year, such as the multibillion-dollar downfalls of Terra and FTX.
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