Coinbase Global Inc. has reached out to its institutional clients to discuss the potential establishment of a new crypto-trading platform abroad, as per sources familiar with the matter. The discussions with market makers and investment firms involved exploring the option of creating an alternative venue for its global clients, distinct from the primary Coinbase marketplace. However, due to the confidential nature of the discussions, the sources requested anonymity.
These developments come amid an increasingly stringent regulatory stance against cryptocurrencies by the United States.