Coinbase is reportedly planning on setting up a new crypto trading platform overseas The exchange is moving in this direction days after penning its 8-week international expansion drive Coinbase – the leading American-based crypto exchange – is reportedly planning on setting up a new Bitcoin (BTC) and crypto trading firm overseas. According to a report […]
Coinbase had $240 million in corporate cash stored in Signature Bank before its abrupt closure. Notably, this did not affect client funds, and the exchange assured that “all client cash at banks continues to be protected by FDIC pass-through insurance”. Moreover, Coinbase has other banking partners including US’ largest bank –. The exchange also recently announced its partnership with Standard Chartered Bank for its customers in Singapore.
Subsequently, the crypto exchange had recently published a blog post titled “Our 8-week international expansion drive in 6 countries”. As per the post, the crypto exchange plans to launch new products and services in international markets. In addition, it will announce partnerships with “key financial sector, tech and telco partners”, and engage with leading governments. The post also read,
“over the next eight weeks Coinbase will rapidly accelerate operationalizing its “Go Broad, Go Deep” international strategy by rolling out a number of new initiatives in countries outside the US spanning across six continents: South America, Europe, Africa/Middle East, Asia, Australia, and North America. “Subscribe to get it daily in your inbox.
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