Coinbase announces acquisition of derivatives exchange FairX

the move on Wednesday, saying:"This is an important step toward Coinbase ultimately making the derivatives market accessible to our millions of customers through an industry-leading, simplified user experience."

"Through this acquisition, we plan to bring regulated crypto derivatives to market, initially through FairX’s existing partner ecosystem," Coinbase said."Over time, we plan to leverage FairX’s infrastructure to offer crypto derivatives to all Coinbase customers in the US. We want to make the derivatives market more approachable for our millions of retail customers by delivering an easy-to-use user experience that Coinbase is known for.

Per the blog post, the deal"is subject to customary closing conditions and reviews, and is expected to close in Coinbase’s first fiscal quarter."as a designated contract market under the auspices of the CFTC in November 20202. The move is the latest for the U.S. crypto exchange's bid to offer derivatives, coming months after it applied for membership in the National Futures Association, a self-regulatory agency. Records indicate that Coinbase's membership is still pending.

good

BabyDogeCoin

BEST SIGNAL PLATFORM IS HERE!! 🤩 . AT LEAST 150% DAILY PROFITS ON FUTURE AND SPOT SIGNALS. HIT OUR TELEGRAM PLATFORM 👇🏼👇🏼👇🏼👇🏼

Defi will be ginormous

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Parent Company of Brazil’s Largest Crypto Exchange Enters Europe With Portuguese Acquisition2TM, owner of Brazil’s largest crypto exchange MercadoBitcoin, acquired a majority stake in CriptoLoja, Portugal's first regulated crypto exchange. andresengler reports MercadoBitcoin criptoloja andresengler BTC rejected from the resistance line and again tested the support of $42k area. The good thing is BTC able to hold the support and bounced from there. 27EllenA is a good super underrated bitcoiner I’ve been taking her TA and tips & I’ve been doing really great Follow her MercadoBitcoin criptoloja andresengler 🚀🚀🚀🚀 SolConnect Solana SOLC MercadoBitcoin criptoloja andresengler ✅Perfect dexfolioapp ✅ With DEXF app; ✅Basic, useful and stable ✅Intelligent alert system ✅Multi wallet & Multi chain ✅Profit&Loss analysis ✅Scam tokens detection ✅Support chat You can find dexfolio; AppStore and PlayStore ✅
Source: CoinDesk - 🏆 291. / 63 Read more »