COINBASE IS CONSIDERING TO SET UP CRYPTOCURRENCY TRADING EXCHANGE OUTSIDE UNITED STATES

Coinbase is considering setting up creating a different set of operations outside the United States and it is because of serious regulatory scrutiny of the cryptocurrency exchange in the United State. The interesting thing about it is that the establishment of an exchange outside the U.S. will make Coinbase to be a direct competitor with the Binance exchange. You should know that Binance exchange has 10 times more trading volume than Coinbase because the exchange is also based outside the U.S. They were also to have this large trading because Coinbase choose not to operate outside the US and now Coin will operate outside the U.S. because of the regulatory scrutiny.

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Of course, the Coinbase exchange platform that is to going be outside the US will offer some interesting features like Leverage Trading and Future. It is no big surprise that future trading tends to generate more trading volume than spot trading. For a crypto exchange like Coinbase to consider establishing an exchange outside the US lets us know how bad the United States cryptocurrency scrutiny is getting. This crackdown is simultaneously creating massive opportunities for Nations that are cryptocurrency friendly. It is very easy to forget that the world is much bigger than the United States but we should not forget how much influence the United States has on global regulations.

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We will likely be seeing a global cryptocurrency regulation but the pro-crypto regulation proposed by the EU and US let us know that not everyone will join the cryptocurrency regulation force. You should know that there are early warning signs that this cryptocurrency regulation could turn out to be terrible even before that could it becomes law. Last month, the European Union announced that it would be processing regulations for banks that have exposure to the cryptocurrency space. Of course, it is not a big surprise because the United States regulator also has been scrutinizing banks that have exposure to the crypto industry. The thing is that some countries welcome crypto and Hong Kong is one of them. Hong Kong will be allowing people to invest in cryptocurrency something this year, it will help regulatory scrutiny affecting the crypto market.

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