Key Points:
Coinbase‘s interest in the exchange emerged following the exchange’s declaration of bankruptcy in November. While talks of acquisition never progressed significantly, it underscores Coinbase’s growing emphasis on derivatives amidst a decline in spot trading volumes during the recent bear market.
In Europe, regulatory uncertainties persist regarding crypto derivatives, making FTX Europe‘s collapse in November significant. The platform, known for offering perpetual futures (perps), had a pivotal Cypriot regulatory license that allowed it to cater to the European market. Various buyers expressed interest in the license, but it could only be transferred through an acquisition.
Coinbase has shown intermittent interest in FTX Europe, as documented in messages dating back to November 2022 and early September 2023. However, recent reports suggest that Coinbase is no longer actively pursuing this potential acquisition.
Last month, Coinbase received approval to directly offer cryptocurrency derivatives to retail consumers in the U.S., a move it had been working on for nearly two years. This approval enhances Coinbase’s position in the derivatives market, further solidifying its commitment to this sector.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
London authorities detain pump.fun attacker, possibly identified as Jarett Reginald Dunn.
The exchange is prepared to comply with the EU's MiCA regulations, but Kraken USDT support…
Venezuela's Ministry of Electric Power has disconnected Venezuelan crypto mining farms from the national grid…
The crypto scene is constantly evolving, and certain currencies show significant promise for the upcoming…
While some altcoins like PEPE, XRP, ONDO, and PYTH may not show significant short-term growth,…
Ripple Trading Volume Increases 40% Quarterly Amid Ongoing SEC Lawsuit
This website uses cookies.