Coinbase Explores Overseas Venue as US Ramps Up Crypto Scrutiny
- Company discussing alternative venue with trading clients
- Regulatory, banking climate for crypto firms in US has soured
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Institutional clients of Coinbase Global Inc. have been contacted by the firm about plans to potentially set up a new crypto-trading platform overseas, according to three people with direct knowledge of the matter.
The talks with market makers and investment firms touched on the possibility of establishing an alternative venue — away from the main Coinbase marketplace — for global clients, said the people, who asked not to be named as the discussions are confidential. The talks are occurring against the backdrop of an intensifying US crackdown on cryptocurrencies.