Is Coinbase leaving the US? Reports are swirling that the crypto giant is considering a move outside of the United States due to increasing regulatory pressure. This follows news that Crypto trading platform Coinbase has reportedly reached out to institutional clients about possible plans to set up a trading platform outside of the US. Three people with Forbes reported that crypto exchange Coinbase is considering a move outside of the US amidst regulatory concerns.

The speculation comes as US agencies increase scrutiny of cryptocurrency exchanges. Specifically, the report states that the exchange... is exploring options to potentially relocate or establish a significant presence in a more crypto-friendly jurisdiction.

According to a recent report by Bloomberg, Coinbase has explored the possibility of setting up a cryptocurrency trading platform in a jurisdiction outside United States agencies’ regulatory... reach. This suggests a growing frustration with the current regulatory environment for digital assets in the US.

Cryptocurrency exchange Coinbase is reportedly planning to set up a crypto trading platform outside the United States, where it is currently headquartered. According to a... multitude of sources, these plans are in their early stages but reflect a serious consideration of alternatives.

What does this mean for the future of Coinbase and the broader crypto landscape in the US? Stay tuned for updates as this story develops.