COMING WEEKS
Coinbase has secured a license from the Bermuda Monetary Authority to expand its international business amid increasing hostility from US regulators towards the crypto industry. Potentially as early as next week, the company is planning to launch an offshore derivatives exchange in Bermuda, targeting perpetual swaps and other crypto-related derivatives largely unavailable in the US due to regulatory restrictions. This move could position Coinbase to challenge Binance's dominance and diversify its revenue base. While an immediate exodus of major US crypto firms is unlikely, this is yet another sign that the industry is increasingly considering alternative locations like Hong Kong, Dubai, and Singapore as primary places of business.
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