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Coinbase Acquires Derivatives Platform FairX to Offer Cryptographic Derivatives to U.S. Customers

Coinbase, a leading cryptocurrency company, has acquired FairX, a US-based derivative platform, with the aim of providing regulated cryptocurrency derivatives to the market and its large number of users.

This acquisition could mean that Coinbase will offer crypto derivatives to US retail and institutional investors. In the long run, crypto exchanges want their clients to have access to the derivatives market. FairX’s existing partner ecosystem will help you realize your Coinbase dreams.

The cryptocurrency exchange said it plans to leverage FairX’s infrastructure to provide crypto derivatives to all Coinbase customers in the United States. “We want to make the derivatives market more accessible to millions of retail customers by providing an easy-to-use user experience known for Coinbase,” he said.

However, this transaction has not yet been finalized and is subject to normal closing terms and reviews. It will end in the first quarter of Coinbase.

FairX is a derivative exchange regulated by the Commodity Futures Trading Commission (CFTC). A fairly new player on the market since his debut last year, he is already well known. We are currently involved with major brokerage firms such as TD Ameritrade, E * Trade, ABN AMRO, Wedbush and Virtu Financial.

Coinbase believes that the creation of a transparent derivatives market will enable more participation in the crypto economy for both individual and institutional investors. A healthy and regulated derivative market is essential to long-term success and to the functioning of traditional derivatives. Capital market. “We believe that the development of a transparent derivatives market is an important turning point for all asset classes and will allow both individual and institutional investors to further participate in the crypto economy. I will. “

Coinbase Acquires Derivatives Platform FairX to Offer Cryptographic Derivatives to U.S. Customers

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