According to Bloomberg, the Coinbase exchange plans to launch cryptocurrency spot trading outside the United States.

According to available information, the company intends to introduce spot pairs BTC/USDC and ETH/USDC on December 14, 2023. These trading pairs will be available to institutional investors on the international Coinbase International Exchange (CIE), which previously specialized exclusively in futures operations.

This move is part of the global expansion of the cryptocurrency company, as representatives of Coinbase have reported. They also noted that some users avoid American trading platforms due to uncertainty in the regulatory framework.

At the end of November 2023, Coinbase CEO Brian Armstrong expressed dissatisfaction with the actions of the U.S. Securities and Exchange Commission (SEC), accusing the agency of lacking clarity regarding cryptocurrencies. Armstrong noted that the SEC's policy and the absence of clear recommendations forced Coinbase to seek alternative markets.

Subsequently, on November 29, 2023, it became known that the U.S. Commodity Futures Trading Commission had requested information from the Coinbase cryptocurrency exchange about its customers.