• Coinbase is considering setting up a digital asset exchange outside the US due to regulatory pressure and a difficult banking climate for crypto firms.
• The exchange has contacted institutional clients about plans to establish a new crypto trading platform offshore.
• Coinbase has suggested setting up an alternative venue for global clients away from the main Coinbase marketplace.
• The SEC has ramped up efforts to mitigate the risks that cryptocurrencies pose to the broader financial system by cracking down on crypto companies.
• The environment for crypto firms in the US has further deteriorated with the shuttering of major crypto-friendly banks.
• Coinbase CEO Brian Armstrong has warned that a hostile regulatory approach by the SEC could drive the crypto industry outside of the United States.
• Coinbase has recently announced the launch of its own layer 2 blockchain for Ethereum called Base.

The article has a negative sentiment as it highlights the challenges and regulatory pressure faced by Coinbase and the crypto industry in the US.