Citing its sources, Bloomberg writes about Coinbase's plans to launch an exchange outside the U.S. One of the reasons is increasing regulatory pressure and a souring banking climate for crypto firms. The crypto exchange intends to set up an alternative venue for global clients away from the central Coinbase marketplace. Coinbase has not yet decided where the new platform might be based.
In addition, a Coinbase spokesperson said the exchange assesses geographic options and meets "with government officials in high-bar regulatory jurisdictions" to push for global crypto adoption.
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