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Coinbase Acquires Fairx Exchange, Giving Millions of Retail Customers Access to Derivatives Markets – Bitcoin News

Nasdaq-listed cryptocurrency exchange Coinbase has acquired a regulated derivatives trading platform. Coinbase plans to make derivatives markets more accessible to millions of retail customers.

Coinbase plans to offer cryptocurrency derivatives to all U.S. customers

Coinbase, the operator of Nasdaq-listed cryptocurrency exchange, announced Wednesday that it has acquired Fairx, a regulated derivatives trading platform.

Fairx is regulated by the Commodity Futures Trading Commission (CFTC) as a derivatives exchange or designated contract market (DCM).

“With this acquisition, we plan to first bring regulated crypto derivatives to market through Fairx’s existing partner ecosystem,” Coinbase detailed. “Over time, we plan to leverage Fairx’s infrastructure to offer crypto derivatives to all Coinbase customers in the United States.”

The Nasdaq-listed company added:

We want to make derivatives markets more accessible to millions of retail customers by providing the easy-to-use user experience that Coinbase is known for.

Coinbase further stated that “deep and liquid derivatives markets are critical to the functioning of traditional capital markets,” elaborating:

These products are in high demand from investors looking to effectively manage risk, execute complex trading strategies and gain exposure to cryptocurrencies outside of the existing spot market.

The acquisition of Fairx is subject to customary closing conditions and reviews. Coinbase expects the deal to close in the first fiscal quarter. In the meantime, Fairx will operate as normal during this period.

What do you think of Coinbase’s acquisition of Fairx to offer derivatives trading to its retail clients? Let us know in the comments section below.

Kevin Helms

As an Austrian economics student, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects, and the intersection between economics and cryptography.




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