Analyst Predicts Coinbase Would Not Completely Leave the U.S.

Crypto exchange Coinbase is opening a derivatives exchange in Bermuda as it faces regulatory headwinds in the U.S. This comes as Coinbase CEO Brian Armstrong recently suggested that the exchange would consider moving away from the U.S. if the regulatory environment for the industry does not become clearer. Oppenheimer senior analyst Owen Lau weighs in, predicting "they would not completely leave the United States, but international expansion is on the table."