Coinbase Dropped An Great News, It’s Acquiring Derivatives Exchange FairX!
FairX, a CFTC-regulated derivatives exchange, is being acquired by Coinbase.
Coinbase is committed to offering its retail and institutional customers the most reliable and comprehensive array of trading tools for accessing the cryptocurrency market. Therefore, they acquired FairX as an attempt to go a long way towards building a healthy, well-regulated derivatives market for the crypto community.
They want to bring regulated crypto derivatives to market initially using FairX’s current partner ecosystem. They desire to use FairX’s infrastructure to provide crypto derivatives to all Coinbase clients in the United States in the future. This platform seeks to make the derivatives market more accessible to their millions of retail customers by providing a user interface that is simple to use.
Investors who are looking to efficiently control risk, implement complicated trading techniques, and gain exposure to crypto outside of present spot markets may benefit from a financial instrument like this. Coinbase believes it will enable more consumers and institutional investors to contribute to the crypto space.
The deal is scheduled to finalize in Coinbase’s first fiscal quarter, subject to usual closing conditions and reviews. During this time, FairX will continue to operate normally.
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Hazel
CoinCu News
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News
Coinbase Dropped An Great News, It’s Acquiring Derivatives Exchange FairX!
FairX, a CFTC-regulated derivatives exchange, is being acquired by Coinbase.
Coinbase is committed to offering its retail and institutional customers the most reliable and comprehensive array of trading tools for accessing the cryptocurrency market. Therefore, they acquired FairX as an attempt to go a long way towards building a healthy, well-regulated derivatives market for the crypto community.
They want to bring regulated crypto derivatives to market initially using FairX’s current partner ecosystem. They desire to use FairX’s infrastructure to provide crypto derivatives to all Coinbase clients in the United States in the future. This platform seeks to make the derivatives market more accessible to their millions of retail customers by providing a user interface that is simple to use.
Investors who are looking to efficiently control risk, implement complicated trading techniques, and gain exposure to crypto outside of present spot markets may benefit from a financial instrument like this. Coinbase believes it will enable more consumers and institutional investors to contribute to the crypto space.
The deal is scheduled to finalize in Coinbase’s first fiscal quarter, subject to usual closing conditions and reviews. During this time, FairX will continue to operate normally.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Hazel
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