Top US crypto exchange Coinbase has been upping its focus on international markets amid regulatory uncertainty stateside, according to the company’s vice president of international policy.
While speaking during a recent interview at Zebu Live, Tom Duff Gordon notes that scaling internationally is becoming “more and more important” to the exchange.
“We want to work with everybody because we think the US is a really important market. We need to get that [regulatory] clarity. It may not come tomorrow, but I think we are on a good path to kind of getting that.
But look, there are only 300-odd million people in the US. [Coinbase CEO] Brian Armstrong’s big vision… is to bring a billion people into crypto. It’s about economic freedom. We can’t just do that in the US anyway. So we are now adopting this ‘international first’ mentality.”
The U.S. Securities and Exchange Commission (SEC) sued Coinbase in June, accusing the company of operating as an unregistered securities exchange, broker and clearing agency.
Last month, the company successfully registered as a cryptocurrency exchange and custodian wallet provider with the Bank of Spain. It also secured approval from the Bermuda Monetary Authority (BMA) to offer perpetual digital asset futures to investors outside of the US.
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