Coinbase Embraces ‘International First Mentality,’ Company VP Says

Coinbase is making headlines again following the latest reports. Check out what the important crypto exchange has to say about embracing a new international first mentality.

Coinbase, a leading US cryptocurrency exchange, has been increasing its focus on expanding into international markets as regulatory uncertainty in the US persists.

According to Tom Duff Gordon, the company’s Vice President of International Policy, scaling globally has become increasingly important to the exchange’s growth strategy.

Despite the importance of the US market, Coinbase recognizes that its long-term vision of bringing a billion people into the world of crypto is not limited to the US alone.

As a result, the company has adopted an “international first” approach to achieving its goals of promoting economic freedom through cryptocurrency.

While regulatory clarity in the US remains a priority, Coinbase is committed to working with partners worldwide to make crypto accessible to everyone.

In June, Coinbase was sued by the U.S. Securities and Exchange Commission (SEC) for allegedly functioning as an unregistered securities exchange, broker, and clearing agency.

However, last month, the company achieved success by registering as a cryptocurrency exchange and custodian wallet provider with the Bank of Spain.

Additionally, they received approval from the Bermuda Monetary Authority (BMA) to offer perpetual digital asset futures to investors who are not from the US.

In a recent interview with CNBC, Brian Armstrong, the CEO of Coinbase, emphasized the importance of the US establishing a regulatory framework for cryptocurrency assets.

Armstrong believes that the US is lagging behind other major economies in terms of achieving regulatory clarity for crypto, which could have serious consequences for the country.

He pointed out that the majority of G-20 countries, such as Singapore, Hong Kong, the UK, Brazil, and Australia, have already implemented regulatory frameworks. Check out the previous article in order to learn more details.