HomeCrypto NewsExchangesCoinbase Acquires FairX to Enter Derivatives Market

Coinbase Acquires FairX to Enter Derivatives Market

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Coinbase Acquires FairX to Enter Derivatives Market

Coinbase has acquired derivatives platform FairX in preparation to begin derivatives trading for users in the US.

FairX is a regulated derivatives platform in the US overseen by the Commodity Futures Trading Commission (CFTC). FairX has established relationships with some of the major players in the market such as TD Ameritrade and E*Trade.

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The move to acquire FairX is because Coinbase decided to enter the derivatives market.

Announcing January 13, Coinbase said it intends to offer crypto futures trading to its customers in the US.

In a recent tweet, Coinbase claims that offering derivatives trading will benefit US traders.

“The introduction of a derivatives exchange clearly benefits both conventional and large investors. It allows them to get into the crypto space.”

“The launch of fair futures contracts is a major turning point for any investment market.” Coinbase encourages the creation and maintenance of flexible derivatives markets.

The acquisition of FairX is significant, which will aid Coinbase's future growth by giving clients access to crypto futures.

Binance, FTX, bybit , and OKEx are all leading crypto derivatives platforms. They all compete with Coinbase in every market.

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