Coinbase Global Opens Bitcoin and Ether Spot Trading for Retail and Corporate Investors

In its expansion into international markets, crypto company Coinbase Global is launching spot trading in Bitcoin and Ether on its platform, as reported by Bloomberg.

Beginning on December 14, institutional investors can use USDC stablecoins to purchase these digital currencies through Coinbase.

According to Coinbase executive Greg Tusar, incorporating spot and derivative markets is essential for enhancing liquidity in the cryptocurrency space.

The goal is to make virtual currencies accessible to both individual and institutional investors. Unfortunately, spot trading on Coinbase declined by 53% in the third quarter of 2023, according to CCData, due to weak trader activity caused by stagnation in the crypto market.

However, Coinbase’s share price on the stock market has significantly increased from $140 to over $300 since January, indicating strong growth for the company.