Coinbase plans to focus on six markets outside the United States in the short term, including the European Union, the United Kingdom, and Singapore.
According to BlockBeats news on September 8th, Coinbase plans to focus on several countries outside of 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: European Union, 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, registering, and establishing and strengthening operations in these places.
In the blog post, Coinbase pointed out that progress is being made in cryptocurrency regulation around the world, but the United States has chosen to enforce existing rules and new regulations through the courts in a "strategic" manner. They believe that this approach may limit the United States' influence in the cryptocurrency field. Therefore, Coinbase will focus on expanding its business in countries that have already established clear cryptocurrency rules.
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.