US crypto exchange Coinbase has increased its focus on international markets amid regulatory uncertainty in the United States, the company’s vice president of international policy said.
During a recent interview with Zebu Live, Tom Duff Gordon noted that scaling internationally is becoming “increasingly important” for the exchange.
“We want to work with everyone because we think the US is a very important market. We have to get that [regulatory] Brightness. It may not happen tomorrow, but I think we are on the right track to achieving that.
But look, there are only 300 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. That is why 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 provider of cryptocurrency exchanges and custodial wallets with the Bank of Spain. It also received approval from the Bermuda Monetary Authority (BMA) to offer perpetual digital asset futures to investors outside the US.
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