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Deep Tide TechFlow News, June 11 — Coinbase CEO Brian Armstrong announced that Coinbase has been approved to offer truly global cryptocurrency perpetual contract trading services to users in the United States, becoming the first platform to open global liquidity to American users.
Armstrong stated that this move ends the long-standing reliance of U.S. users on offshore platforms for perpetual contract trading and will promote the integration of perpetual contract liquidity between the U.S. and international markets, reducing market fragmentation. He also mentioned that after years of promotion and multiple communications in Washington, Coinbase ultimately received approval, allowing American traders to use related products through compliant U.S. companies in the future.