Coinbase has broadened its trading offerings to feature perpetual futures for qualified clients in select non-U.S. regions. This addition is an integral component of Coinbase Advanced, a trading interface designed for seasoned retail investors. The expansion is a strategic response to the crypto derivatives market, which Coinbase states accounts for 75% of global cryptocurrency trading volume.
In the wake of this major development, Linda P. Jones, a former Morgan Stanley executive, shared her nuanced analysis on social media platform X (formerly known as Twitter). Jones, who has an extensive background in investment banking and is a renowned investment educator, addressed three critical aspects concerning Coinbase’s new offering, particularly focusing on its implications for XRP and institutional investors.
Lastly, Jones speculated on why Coinbase is withholding information about the jurisdictions allowed to participate in these futures contracts. She suggested that this might include regions like Bermuda or the Cayman Islands, which are known for hosting hedge funds and other offshore investment entities. Jones surmised that the secrecy likely exists to conceal the fact that this new offering is tailored to cater to institutional clients.
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