Coinbase plans to focus on several countries outside the United States in the short term, as the cryptocurrency laws in these countries are relatively clearer. Specifically, Coinbase will focus on expanding in the following six markets: the European Union, the United Kingdom, Canada, Brazil, Singapore, and Australia.

The company stated in a blog post that these countries are developing clear cryptocurrency regulations, so Coinbase will focus on obtaining licenses, registrations, and establishing and strengthening operations in these places.

Coinbase's new priority market plan is part of its second phase of expansion, which includes a focus on establishing partnerships with global and local banks and payment providers to expand its fiat currency channels and ensure its governance system complies with regulations.