Cryptocurrency exchange Coinbase is reportedly planning to set up a crypto trading platform outside the United States, where it is currently headquartered.

According to a March 17 Bloomberg report, Coinbase setting up the non-U.S. platform with some of its institutional clients. The reported move came amid many U.S. lawmakers and regulators taking aim at crypto firms for their perceived role in the failure of Silvergate Bank, Silicon Valley Bank, and Signature Bank.

U.S. regulators, including the Securities and Exchange Commission, have been in recent months, including Kraken for its U.S. staking services. Coinbase in March that its staking program would continue despite the crackdown and “may actually increase.”

Americans love their stake. Here’s why we need to keep staking–the accountant of the blockchain–in the U.S.

— Coinbase (@coinbase)

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The new Coinbase venture would reportedly service global clients but does not yet have a confirmed location. Cointelegraph reached out to Coinbase but did not receive a response at the time of publication.