Coinbase plans international crypto trading platform

The alleged international crypto trading platform action occurred at the same time that different politicians and agencies in the United States targeted corporations dealing in cryptocurrency for their suspected cooperation in the collapse of three large banks.

The firms were accused of having been involved in the failure of the banks.

It would seem that Coinbase is making preparations to provide a bitcoin trading platform in a nation other than the United States, which is the site of its headquarters at present.

An article about Coinbase’s conversations with some of its institutional customers regarding the use of a platform that was not headquartered in the United States was published by Bloomberg on March 17.

The report said that these discussions took place on March 17. The alleged action took place at the same time that several politicians and authorities in the United States went after businesses that dealt with bitcoin for their possible participation in the failures of Silvergate Bank, Silicon Valley Bank, and Signature Bank.

Authorities in the United States, particularly the Securities and Exchange Commission, have been coming down on several cryptocurrency firms in recent weeks.

The most noteworthy of these companies is Kraken, which is being targeted for its staking services in the United States.

Clients of Coinbase were given the assurance in March that despite the crackdown, the staking program would continue and “may even expand.”

Even though it has been speculated that the new Coinbase firm would serve customers from all over the world, the precise location of the company has not yet been determined with absolute clarity.