According to a business blog post on Thursday, Coinbase International Exchange has received regulatory authorisation from Bermuda’s financial regulator to allow qualified non-US retail customers to trade perpetual futures.
In the upcoming weeks, the exchange intends to provide qualifying customers with access to perpetual futures contracts on Coinbase Advanced, in part because of Bermuda Monetary Authority (BMA).
The company unveiled its international exchange in May of this year and posted perpetual futures contracts for BTC and ETH as part of its worldwide expansion strategy.
In the derivatives world, perpetual futures are a market that never ends.
The blog stated, “As indicated in the Phase II of our “Go Broad, Go Deep” plan, we are committed to working with high-bar international authorities to develop a crypto regulatory framework that enables crypto technology to continuously drive innovation.