May 3 (Cointime) - Coinbase has announced the launch of Coinbase International Exchange, to enable institutional users based in eligible jurisdictions outside of the US to trade perpetual futures.

Coinbase International Exchange has listed BTC and ETH perpetual futures contracts, with trading settled in USDC and no fiat on-ramps required. Direct access trading via API is available to institutional clients in eligible non-US jurisdictions, with contracts offering up to 5x leverage. The exchange is well-capitalized to support tail market events and offers dynamic margin requirements and collateral assessments, as well as a liquidation framework that meets rigorous compliance standards.

"Building out a global perpetual futures exchange for digital assets will help support an updating of the financial system by making Coinbase’s trusted products and services more accessible to users of digital assets who live outside of the US. " the team said in the statement.

Coinbase International Exchange works with the financial regulator Bermuda Monetary Authority (BMA). The BMA is a member of several international organizations and maintains close relationships with other regulatory agencies around the world, helping to ensure that Bermuda's financial sector is in line with international standards and best practices.