Coinbase International Exchange, the overseas arm of the United States-based Coinbase crypto exchange, will cap trading leverage at 10x for its perpetual futures products.

According to the Dec. 28 announcement, the limit applies to the exchange’s popular perpetual futures contracts such as Bitcoin (BTC), Cardano (ADA), Ether (ETH), Litecoin (LTC), Solana’s SOL (SOL), XRP (XRP) and others. Furthermore, traders using 10x leverage will be limited to maintaining a notional value of $90,000 across all perpetual contracts.

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The company clarified that while traders can still transact after reaching 10x leverage limits, they are restricted to default initial margin (DIM) requirements for their accounts. Depending on the digital assets, DIM ranges from 20% (5x leverage) to 40% (2.5x leverage) for Coinbase International perpetuals.

“These limits are reviewed frequently — influenced by the exchange’s order book depth, volumes, and stress testing results against insurance fund balances. We aim to provide best access to 10x leverage for customers, while balancing systemic risks for all traders associated with higher leverage trading.”

On Sept. 28, Coinbase International launched perpetual futures trading for clients after receiving a class F license from the Bermuda Monetary Authority (BMA). Only non-U.S. consumers in select countries can use Coinbase International Exchange, and customers are tested to evaluate their eligibility for the product before they can open a Coinbase Advanced trading account.

The overseas exchange debuted in Bermuda in May after its namesake U.S. parent faced a crackdown by the U.S. Securities and Exchange Commission. At the time, the exchange praised Bermuda’s regulatory environment for its “high level of transparency, compliance, and cooperation.”