Crypto exchange Coinbase appears to be planning to set up a crypto trading platform outside the United Statescurrent headquarters of the company.
According to a Bloomberg report published on March 17, Coinbase is reportedly discussing the creation of a platform outside the United States with some of its institutional clients. The news comes as many US lawmakers and regulators are targeting cryptocurrency firms for their alleged role in the bankruptcy. Silvergate Bank, Silicon Valley Bank and Signature Bank.
In recent months, US regulators, including the Securities and Exchange Commission, have taken restrictive measures against some cryptocurrency companies, including Kraken for its staking services in the United States. In March, Coinbase informed users that its staking program will continue despite the e “it could even increase”.
Americans love stake. That is why we need to keep staking – the accountant of the blockchain – in the US. pic.twitter.com/hPeM99LI3e
— Coinbase (@coinbase) March 16, 2023
Related: Cryptocurrency Industry Has ‘Already Started’ Moving Outside US, Says Ripple CEO
Reportedly, Coinbase’s new initiative is expected to serve customers worldwide, but does not yet have an official headquarters. Cointelegraph has contacted Coinbase but has not received a response as of publishing.
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