Overview

• Coinbase Global is expanding its services to include spot crypto trading on its international exchange, citing concerns over the uncertain regulatory landscape in the U.S.
• The new service will initially allow institutional investors to trade bitcoin and ether against the USDC stablecoin.
• The U.S. Securities and Exchange Commission (SEC) is currently suing Coinbase for allegedly operating an illegal exchange, broker, and clearing agency.
• Coinbase's international exchange was launched in May as part of efforts to diversify away from the U.S.
• Coinbase plans to list more tokens on the platform over time and open up offshore spot trading to retail investors as liquidity builds.