Wu Blockchain reports that Coinbase CEO Brian Armstrong stated that due to the lack of a clear regulatory framework in the U.S. for a long time, a significant amount of crypto perpetual contract trading has shifted to offshore platforms. He estimated that roughly half of the perpetual contract trading volume might come from U.S. users accessing offshore platforms via VPNs, where KYC requirements are more lenient. This is almost an open secret within the industry, and such violations rarely face enforcement penalties. Armstrong also mentioned that Coinbase has recently been approved to offer U.S. users access to crypto perpetual contract trading services with global liquidity. https://(wublock123.com)/news/brian-armstrong-half-perps-volume-from-vpn-us-users-62572