Coinbase Global now offers XRP and LTC futures trading for institutional clients.
Coinbase is a US-based crypto exchange. In the current times, this exchange is struggling heavily under US jurisdiction due to a lawsuit filed by the country’s securities regulatory body. This crypto exchange offers almost every kind of crypto service and its services are also available in other non-US countries through global subsidiaries.
On August 1, 2023, Coinbase International Exchange, a global subsidiary of the Coinbase exchange, announced that it will now support trading Litecoin (LTC) and Ripple (XRP) futures for customers.
Earlier this month, in June, the exchange relisted the XRP coin on the Coinbase exchange following Ripple’s victory in the XRP lawsuit against the US Securities Exchange Commission (SEC).
Here people should understand that Coinbase International Exchange does not provide services to US crypto investors. This exchange offers offline and online services both for non-US international institutional investors.
Coinbase and legal hurdles
In early June of this year, Coinbase received legal action from the US SEC agency for allegedly unregistered securities offerings and operating an unregistered national stock exchange.
Just a few days ago, Coinbase CEO Brian Armstrong announced that the SEC bureau had asked the Coinbase team to remove all crypto assets from the platform, except Bitcoin, just before the lawsuit.
The Coinbase CEO said that the Coinbase team directly rejected the SEC’s order because the SEC body failed to clarify the laws to explain how they believed trading crypto assets on the Coinbase stock market securities.
According to Armstrong, the SEC body wants to control and destroy the entire crypto sector in US jurisdiction.
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