Share this article
Coinbase Is Weighing Setting Up Non-U.S. Trading Platform: Bloomberg
The search comes as the U.S. accelerates actions against the crypto sector in the wake of FTX’s collapse and the shutdown of three crypto-friendly banks.
By Helene Braun
Updated May 9, 2023, 4:10 a.m. Published Mar 17, 2023, 4:28 p.m.
U.S.-based crypto exchange Coinbase is considering setting up a crypto-trading platform overseas and is discussing the move with institutional clients, Bloomberg reported, citing people familiar with the plans.
A decision hasn’t been taken on the location for such a trading platform, which comes as U.S. regulators are cracking down on crypto, Bloomberg said.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Regulatory action against the sector intensified after November’s collapse of crypto exchange FTX. The recent shutdown of Silvergate Bank, Signature Bank and Silicon Valley Bank, which were all in some way tied to crypto, alerted lawmakers even more.
Coinbase isn’t alone. Several other U.S. crypto firms are looking to find new banking partners in other jurisdictions. Sygnum in Switzerland and Bank Frick in Lichtenstein told CoinDesk they’ve received an increasing number of requests to open accounts from offshore companies, including those based in the U.S.
A spokesperson for Coinbase told CoinDesk that as the exchange is looking to increase global crypto adoption, it assesses geographic options and is meeting “with government officials in high-bar regulatory jurisdictions.”
Di più per voi
Cosa sapere:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Di più per voi
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
Cosa sapere:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
