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Buy FairX for crypto derivative push Coinbase

Coinbase is committed to providing retail and institutional investors with the most reliable and complete set of trading tools to access the crypto economy.

As cryptocurrencies mature as an asset class and the world’s most sophisticated investors deepen their journey into the crypto economy, a healthy and highly regulated derivatives market becomes critical to their long-term success.

Today we are announcing the acquisition of FairX, a CFTC-regulated derivative exchange or designated contract market. This is the next step in building the robust and holistic trading environment that investors are looking for. Through this acquisition, we will initially bring regulated crypto derivatives to market through FairX’s existing partner ecosystem. Going forward, we plan 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 familiar to millions of retail customers by providing an easy-to-use user experience known for Coinbase.

Deep and fluid derivatives markets are essential to the functioning of traditional capital markets. These products are in high demand from investors seeking to effectively manage risk, execute complex trading strategies and gain exposure to cryptocurrencies outside existing spot markets. We believe that the development of a transparent derivatives market is an important turning point for all asset classes and will enable further participation in the crypto economy for both individual and institutional investors. ..

FairX brings a world-class team to Coinbase with deep expertise in product development, market structure and compliance. Market-leading exchange technology and proven features that provide listed futures in an easy-to-understand and easy-to-understand structure are made possible by cryptocurrencies, a fairer, more accessible, efficient and transparent financial system. Is consistent with Coinbase’s commitment to create.

The acquisition is subject to normal closing conditions and reviews and is expected to close in the first quarter of Coinbase. During this period, FairX will operate normally. We look forward to sharing it as soon as updates are available.

Buy FairX for crypto derivative push Coinbase

Source link Buy FairX for crypto derivative push Coinbase

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