Coinbase to Offer Spot Crypto Trading Outside US in Global Expansion (2024)

FAQs

Is Coinbase to offer spot crypto trading outside US in global expansion? ›

Coinbase Global Inc. is rolling out spot crypto trading on its international exchange as part of a global expansion, saying some users are wary of US venues due to the country's uncertain regulatory backdrop.

Deep liquidity ($154B volume), real-time order books, and best-in-class security make Coinbase Advanced the best place to trade crypto spot markets.

Hi u/Accomplished-Lock670, Yes, you can generally use Coinbase while abroad as long as you follow a few guidelines: Make sure to update your account with your current location before traveling. You can do this by going to your Profile settings. Coinbase may flag activity from unusual locations as potential fraud.

All eligible clients of OANDA Corporation can spot trade cryptocurrencies through our mobile platform.

The Coinbase CEO reportedly said leaving the U.S. was “not even in the realm of possibility right now,” and there was no “break glass plan” — likely referring to what the exchange would do in an emergency.

Customers around the world discover and begin their journeys with crypto through Coinbase. 245,000 ecosystem partners in over 100 countries trust Coinbase to easily and securely invest, spend, save, earn, and use crypto.

To engage in spot trading, a trader needs to choose a platform, set up an account, transfer fiat currency or crypto from another wallet, and then select the cryptocurrency pair they want to trade. The trader then enters the amount they want to trade and places an order.

Spot trading in crypto involves two parties agreeing on the price for buying or selling crypto tokens within the exchange, such as Bitcoin or Dogecoin. The current price of the cryptocurrency is called the spot price, which the traders buy and sell instantly.

Did you know? Coinbase's Advanced trading interface provides access to cryptocurrency spot and futures market data along with other powerful analytical tools.

Coinbase NFT is supported in all countries except Singapore and any country restricted by the Office of Foreign Assets Control (OFAC).

Can I access my Coinbase account from another country? ›

Please be aware that access to your Coinbase account will be restricted as long as you are in the prohibited region. If you reside in a non-prohibited region, your access will be restored once you log in from any non-prohibited region and, if necessary, verify your identity.

Change your country

Sign in to your Coinbase.com account via browser. Select your profile icon and choose Manage account. Under Personal info select Change in the country field. Follow the on-screen instructions to provide further details which includes, but may not be limited to, identity verification.

Spot trades include the buying or selling of foreign currency, a financial instrument, or a commodity. Many assets quote a spot price and a futures or forward price. Spot market transactions can take place on an exchange or over-the-counter.

Spot trading is less risky compared to margin-based cryptocurrency trading. You can purchase assets without the fear of being liquidated by price fluctuations. Spot trading is simple to navigate. You can easily measure your reward or risk when you trade in the spot market.

Specifically, users from the United States, United Kingdom, many countries in the European Union (Belgium, Switzerland, Denmark, Ireland, Germany, Iceland, Luxembourg, Netherlands, Norway, Sweden), Canada, Singapore, Australia, Hong Kong, New Zealand, South Korea, and Taiwan can now sign up to Coinbase and start ...

Please be aware that access to your Coinbase account will be restricted as long as you are in the prohibited region. If you reside in a non-prohibited region, your access will be restored once you log in from any non-prohibited region and, if necessary, verify your identity.

Additionally, at the time of writing, the countries banned from using Coinbase include OFAC countries such as North Korea, Iran, Syria, Cuba, and Crimea. These countries have specific sanctions imposed by the Office of Foreign Assets Control (OFAC), restricting their access to certain financial services.