{"id":23796,"date":"2023-03-17T12:11:20","date_gmt":"2023-03-17T19:11:20","guid":{"rendered":"https:\/\/coinnetworknews.com\/coinbase-is-planning-to-set-up-crypto-trading-platform-outside-us-report\/"},"modified":"2023-03-17T12:11:20","modified_gmt":"2023-03-17T19:11:20","slug":"coinbase-is-planning-to-set-up-crypto-trading-platform-outside-us-report","status":"publish","type":"post","link":"https:\/\/coinnetworknews.com\/coinbase-is-planning-to-set-up-crypto-trading-platform-outside-us-report\/","title":{"rendered":"Coinbase is planning to set up crypto trading platform outside US: Report"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDMvYjE5NzdmYmQtNzQ4OC00ZGUwLTkzNGQtYmJmNjg4MjU2ZDJiLmpwZw==.jpg\" \/><\/p>\n<div data-v-48054ca8=\"\">\n<p>Cryptocurrency exchange Coinbase is reportedly planning to set up a crypto trading platform outside the United States, where it is currently headquartered.<\/p>\n<p>According to a March 17 Bloomberg report, Coinbase <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-03-17\/coinbase-coin-in-talks-over-crypto-trading-platform-outside-the-us\" target=\"_blank\" rel=\"noopener nofollow\">discussed<\/a> setting up the non-U.S. platform with some of its institutional clients. The reported move came amid many U.S. lawmakers and regulators taking aim at crypto firms for their perceived role in the failure of Silvergate Bank, Silicon Valley Bank, and Signature Bank.<\/p>\n<p>U.S. regulators including the Securities and Exchange Commission have been <a href=\"https:\/\/cointelegraph.com\/news\/kraken-reaches-30m-settlement-with-sec-over-staking\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/kraken-reaches-30m-settlement-with-sec-over-staking\/amp\">cracking down on certain crypto companies<\/a> in recent months, including Kraken for its U.S. staking services. Coinbase <a href=\"https:\/\/cointelegraph.com\/news\/coinbase-reiterates-that-staking-services-will-continue-despite-sec-crackdown\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/coinbase-reiterates-that-staking-services-will-continue-despite-sec-crackdown\/amp\">issued a notice to users<\/a> in March that its staking program would continue despite the crackdown and \u201cmay actually increase.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Americans love their stake. Here\u2019s why we need to keep staking\u2013the accountant of the blockchain\u2013in the U.S.  <a href=\"https:\/\/t.co\/hPeM99LI3e\">pic.twitter.com\/hPeM99LI3e<\/a><\/p>\n<p>\u2014 Coinbase (@coinbase) <a href=\"https:\/\/twitter.com\/coinbase\/status\/1636406089586737152?ref_src=twsrc%5Etfw\">March 16, 2023<\/a><\/p><\/blockquote>\n<p><strong><em>Related: <\/em><\/strong><a href=\"https:\/\/cointelegraph.com\/news\/the-crypto-industry-has-already-started-moving-outside-of-the-us-says-ripple-ceo\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/the-crypto-industry-has-already-started-moving-outside-of-the-us-says-ripple-ceo\/amp\"><strong><em>The crypto industry has \u2018already started\u2019 moving outside US, says Ripple CEO<\/em><\/strong><\/a><\/p>\n<p>The new Coinbase venture would reportedly service global clients, but does not yet have a confirmed location. Cointelegraph reached out to Coinbase, but did not receive a response at the time of publication. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"\/><\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/coinbase-is-planning-to-set-up-crypto-trading-platform-outside-us-report\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency exchange Coinbase is reportedly planning to set up a crypto trading platform outside the United States, where it is currently headquartered. According to a March 17 Bloomberg report, Coinbase discussed setting up the non-U.S. platform with some of its institutional clients. The reported move came amid many U.S. lawmakers and regulators taking aim at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23797,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[245,13,2611,758,290,272,316],"_links":{"self":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/posts\/23796"}],"collection":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/comments?post=23796"}],"version-history":[{"count":0,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/posts\/23796\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/media\/23797"}],"wp:attachment":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/media?parent=23796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/categories?post=23796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/tags?post=23796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}