Crypto exchange Coinbase attempted to acquire FTX Europe twice since it filed for bankruptcy in November 2022, hoping to broaden its derivatives business overseas. The company, however, has decided not to go forward with the deal, Cointelegraph has learned.acquiring FTX’s European arm on two occasions, in November 2022 — following its parent company’s dramatic debacle — and in September 2023.
Along with Coinbase, parties interested in FTX Europe reportedly include exchange Crypto.com and crypto firm Trek Labs. According to Fortune, the sale deadline has been extended to Sept. 24. FTXFTX Europe operated its derivatives business under a Cyprus regulatory license. By the time of the group’s collapse, it was the only firm to offer some popular derivatives products, such as perpetual futures.
$707 million in revenue in the second quarter of 2023, with $327 million coming from spot trading — a $13% decline from the previous quarter.increased 13.7% in June to $2.13 trillion
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