Coinbase, one of the largest cryptocurrency exchanges in the world, has launched its international exchange. This comes amidst the Securities and Exchange Commission’s (SEC) crackdown on cryptocurrency in the United States.
Coinbase’s International Exchange
Coinbase’s international exchange will allow users to trade cryptocurrencies such as Bitcoin, Ethereum, and Litecoin in over 100 countries. The exchange will also offer a range of trading pairs, including crypto-to-crypto and fiat-to-crypto.
SEC’s Crackdown on Crypto
The SEC has been cracking down on cryptocurrency in the United States, with a particular focus on initial coin offerings (ICOs). The agency has been investigating ICOs for potential securities violations and has issued subpoenas to several companies.
Coinbase has been working closely with regulators to ensure compliance with all applicable laws and regulations. The company has also been proactive in implementing measures to prevent fraud and protect its users.
Despite the SEC’s crackdown on cryptocurrency in the United States, Coinbase’s international exchange launch shows that the industry is still growing and expanding globally. As more countries adopt cryptocurrency, it will be interesting to see how regulators respond and how the industry evolves.