Altcoin News Daily Official TheBitTimes.com

Coinbase has announced the launch of non-US spot markets for institutional investors. Eligible non-US institutional investors will access BTC/USDC and ETH/USDC as from December 14, 2023 on Coinbase International Exchange. The exchange plans to expand the product to retail investors in coming months. Crypto exchange Coinbase has announced an expansion of its non-US spot markets offering for institutional investors. Coinbase expands non-US spots markets to institutional investors In an announcement published December 13, the US-based crypto platform said it had launch ed spot trading markets for Bitcoin and Ethereum for eligible institutional clients using the Coinbase International Exchange.  The assets will be traded against USDC, with BTC/USDC and ETH/USDC available as from Thursday, December 14. Non-US institutional customers will be able to access these pairs via API. We are excited to announce the next phase of our Coinbase International E...

Hong Kong, determined to reclaim its fintech crown and rival Singapore, is poised to become a thriving crypto hub by considering the inclusion of retail investors in cryptocurrency trading. The city-state is reportedly giving a nudge to major banks, urging them to hop on the bandwagon and embrace crypto exchanges as clients after announcing a clear regulatory framework that aims to encourage innovation. The Financial Times reported on Thursday that the lenders include HSBC, Standard Chartered and Bank of China. In a recent meeting, the Hong Kong Monetary Authority, the city’s banking regulator, questioned lenders about their hesitancy in accepting crypto exchanges as clients, the report said. In a letter to the banks, the HKMA advised them that conducting due diligence on prospective customers should not place excessive burdens, especially for those establishing offices in the city to explore opportunities. An HKMA spokesperson confirmed to Blockworks that it has provided guidanc...