The United States-based cryptocurrency exchange Coinbase announced that institutional investors on its international exchange can access spot crypto trading services. In a Dec. 13 announcement, Coinbase said institutional clients based outside the U.S. will be able to trade Bitcoin BTC $42,93 and Ether $2,292 against USD Coin USDC $1.00. The exchange said the services would launch on Dec. 14 and later expand to include retail investors, additional tokens, and “features that enable new trading strategies and enhance capital efficiency.” Coinbases faces a lawsuit filed by the U.S. Securities and Exchange Commission in June in which the firm allegedly operates as an unregistered securities exchange, broker, and clearing agency. Other U.S. exchanges, including Binance and Kraken, face similar enforcement actions by the SEC, or Commodity Futures Trading Commission, or criminal charges by the Justice Department.