Coinbase Acquires Futures Exchange Amid Plans To Offer Crypto Derivatives to US Customers

Coinbase Acquires Futures Exchange Amid Plans To Offer Crypto Derivatives to US Customers


Crypto exchange giant Coinbase is announcing a new acquisition that will allow it to expand its product range into crypto derivatives.

Coinbase says it has acquired FairX, a futures exchange that is regulated by the U.S. Commodity Futures Trading Commission.

The cryptocurrency exchange says it will initially offer crypto derivatives to US customers through the new acquisition before offering them on its main Coinbase platform.

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“Through this acquisition, we plan to bring regulated crypto derivatives to market, initially through FairX’s existing partner ecosystem.

Over time, we plan to leverage FairX’s infrastructure to offer crypto derivatives to all Coinbase customers in the US.”

Coinbase says that crypto derivatives products are in “high demand from investors who seek to effectively manage risk, execute complex trading strategies,

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