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Coinbase Eyeing Offshore Exchange To Escape US Regulatory Pressure

U.S.-based crypto exchange Coinbase is considering setting up an offshore exchange due to the recent regulatory clampdown on the crypto industry, Bloomberg reported on March 17.

Coinbase reportedly contacted some institutional clients to discuss setting up an alternative marketplace for global users. While the location for this exchange is undecided, Bloomberg reported that the firm is also in contact with market makers about connecting to it.

A Coinbase spokesperson did not confirm if the company had such plans. However, the representative said the exchange continuously assesses options in different regions and meets with government officials to increase global crypto adoption.

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