Coinbase Unveils Plans for Enhanced Spot Markets and Reduced Latency

by Tareq Sikder
  • Since May 2023, the firm has grown with 100+ institutions and a $10 billion Q3 perpetual futures volume.
  • Earlier, it introduced a feature enabling cryptocurrency transfers through shared links on social media platforms.
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Coinbase is expanding its global footprint by improving spot markets for perpetual futures traders to enhance the overall trading experience. The approach includes the strategic placement of servers worldwide to reduce latency. In the initial phase, Coinbase will list BTC-USDC and ETH-USDC pairs on December 14, exclusively through API access for non-US institutional clients.

Global Expansion: Coinbase's Approach to Spot Market Improvement

Since its launch in May 2023, Coinbase International Exchange has witnessed growth, welcoming over 100 institutions and achieving $10 billion in Q3 perpetual futures trading volume. Noteworthy features include perpetual futures for eligible retail users, 15 listed perpetual contracts covering 70% of the market, and increased maximum leverage of 10x for all contracts.

In the initial phase, Coinbase prioritizes building liquidity and establishing a robust foundation. Subsequent phases will extend the product to retail users, introduce additional assets, and incorporate features supporting new trading strategies and enhancing capital efficiency. This initiative aligns with Phase II of Coinbase's "Go Broad, Go Deep" strategy, emphasizing international expansion and innovative product development.

A pivotal aspect of Coinbase is its strategic response to the uncertain US regulatory landscape. The exchange aims to provide an alternative for those cautious about engaging with US-based platforms.

New Feature Simplifies Crypto Transfers via Shared Links

In a previous report, Finance Magnates highlighted that Coinbase introduced a user-friendly feature allowing cryptocurrency transfers through shared links on messaging and social media platforms, including WhatsApp, iMessage, Telegram, Facebook, Snapchat, TikTok, and Instagram, as well as email.

This simplified method, emphasizing ease similar to sending a text, is accessible to users of Coinbase Wallet. The instant and fee-free feature is particularly suitable for micro-payments. However, clarity is needed on who covers blockchain fees. Both senders and receivers must use Coinbase Wallet, and unclaimed funds within two weeks will be returned. Coinbase Wallet's global availability ensures funds can be claimed in nearly every country.

Coinbase faced access restrictions in Kazakhstan last month due to new crypto regulations. Despite generating $674.1 million in operating revenue last quarter and experiencing significant share price gains amid the crypto rally, Coinbase remains in a legal battle with the US securities regulator. The ongoing court dispute involves allegations of operating an illegal exchange platform and listing unregistered securities.

Coinbase is expanding its global footprint by improving spot markets for perpetual futures traders to enhance the overall trading experience. The approach includes the strategic placement of servers worldwide to reduce latency. In the initial phase, Coinbase will list BTC-USDC and ETH-USDC pairs on December 14, exclusively through API access for non-US institutional clients.

Global Expansion: Coinbase's Approach to Spot Market Improvement

Since its launch in May 2023, Coinbase International Exchange has witnessed growth, welcoming over 100 institutions and achieving $10 billion in Q3 perpetual futures trading volume. Noteworthy features include perpetual futures for eligible retail users, 15 listed perpetual contracts covering 70% of the market, and increased maximum leverage of 10x for all contracts.

In the initial phase, Coinbase prioritizes building liquidity and establishing a robust foundation. Subsequent phases will extend the product to retail users, introduce additional assets, and incorporate features supporting new trading strategies and enhancing capital efficiency. This initiative aligns with Phase II of Coinbase's "Go Broad, Go Deep" strategy, emphasizing international expansion and innovative product development.

A pivotal aspect of Coinbase is its strategic response to the uncertain US regulatory landscape. The exchange aims to provide an alternative for those cautious about engaging with US-based platforms.

New Feature Simplifies Crypto Transfers via Shared Links

In a previous report, Finance Magnates highlighted that Coinbase introduced a user-friendly feature allowing cryptocurrency transfers through shared links on messaging and social media platforms, including WhatsApp, iMessage, Telegram, Facebook, Snapchat, TikTok, and Instagram, as well as email.

This simplified method, emphasizing ease similar to sending a text, is accessible to users of Coinbase Wallet. The instant and fee-free feature is particularly suitable for micro-payments. However, clarity is needed on who covers blockchain fees. Both senders and receivers must use Coinbase Wallet, and unclaimed funds within two weeks will be returned. Coinbase Wallet's global availability ensures funds can be claimed in nearly every country.

Coinbase faced access restrictions in Kazakhstan last month due to new crypto regulations. Despite generating $674.1 million in operating revenue last quarter and experiencing significant share price gains amid the crypto rally, Coinbase remains in a legal battle with the US securities regulator. The ongoing court dispute involves allegations of operating an illegal exchange platform and listing unregistered securities.

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