Coinbase's Armstrong Says Exchange Might Exit US
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Cryptocurrency exchange Coinbase doesn't rule out leaving the US, as no regulatory clarity in the country has been made so far.

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Coinbase CEO, Brian Armstrong, said at a fintech conference in London "anything is on the table" for the exchange, including leaving the US market "or whatever is necessary," as per a report from Barron's. Armstrong, who co-founded Coinbase back in 2012, believes the US has the potential to be an "important market for crypto." However, right now the industry is not seeing that regulatory clarity it needs, he added.

"I think in a number of years if we don't see that regulatory clarity emerge in the US we may have to consider investing more elsewhere in the world," the Coinbase CEO said.

Coinbase Says Regulatory Uncertainty in US Could Hit 1M Web3 Devs

Armstrong's statement comes after other US-based crypto exchanges also started looking abroad, seeking crypto-friendly shelter. In early April, Bittrex left the US market, citing "continued regulatory uncertainty." Bittrex added it's "not economically viable" for the platform to continue to operate in the country given the regulatory and economic environment.

A few weeks earlier reports said, Gemini, a rival cryptocurrency exchange, also held talks with investors about setting up a new crypto derivatives exchange overseas.

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