In other news, Coinbase is reportedly limiting its services in India, partially or fully terminating its offerings in the country. This termination, effective from September 25, only applies to Indian customers who have violated the exchange's standards. New signups for Indian users have been suspended, and they are being redirected to download Coinbase Wallet, a self-custody crypto wallet.
Key takeaways:
- Coinbase International Exchange has received regulatory approval from Bermuda's financial regulator, allowing eligible non-U.S. retail customers to participate in perpetual futures trading.
- The exchange plans to offer access to perpetual futures contracts on its Coinbase Advanced platform in the coming weeks.
- Coinbase is limiting its services in India, partially or fully terminating its offerings in the country, particularly for customers who have violated the exchange's standards.
- The approval from Bermuda's financial regulator underscores the importance of collaboration between crypto firms and regulators in shaping the future of digital finance.