Coinbase International clocks in $1.96 billion in trading volumes in July

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Coinbase's offshore futures exchange clocked in nearly $2 billion in volumes last month but momentum slowed over the course of the month.

Momentum slowed over the course of the month.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Coinbase's offshore futures exchange clocked in nearly $2 billion in volumes during the month of July, according to The Block's data dashboard.its Bermuda-registered futures exchange in May as part of what it described as a"global expansion strategy.

Coinbase's new market represents a small fraction of the wider crypto futures market. In July, bitcoin futures volumes topped $550 billion, according toStill, it's early days for the new marketplace and it can take time to build up liquidity and attract clients from competitors. By way of comparison, CME Group clocked in $64.3 million in volumes for its ether futures contract during the

 

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