• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Invest
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
Coinlive
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
Coinlive
No Result
View All Result
Home Crypto News

Coinbase prepares to enter the derivatives marketplace with the acquisition of FairX

191
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

The SEC wants to open an investigation into the DeFi products offered by Coinbase

The SEC needs to open an investigation into the DeFi solutions provided by Coinbase

August 11, 2022
The cryptocurrency market surpasses its old peak following the inflation news in the US

The cryptocurrency marketplace surpasses its outdated peak following the inflation information in the US

August 11, 2022

Leading US cryptocurrency exchange Coinbase is following in the footsteps of FTX and Crypto.com in the futures marketplace by obtaining the FairX derivatives platform.

Coinbase prepares to enter the derivatives market with the acquisition of FairX
Coinbase prepares to enter the derivatives marketplace with the acquisition of FairX

On January 13, Coinbase announced the acquisition of FairX, a derivatives exchange regulated by the Commodity Futures Trading Commission (CFTC). Buying Coinbase could set up a regulated cryptocurrency marketplace for Coinbase’s hundreds of thousands of customers.

Creating a transparent derivatives marketplace will unlock even more participation in the crypto economic climate for retail and institutional traders.

Read more👇https://t.co/Mb2Ybdmr2t

– Coinbase (@coinbase) January 12, 2022

Coinbase also shared that the selection to include derivatives trading to the company’s merchandise framework is eventually aimed at bringing good added benefits to traders.

“This move will unlock even greater participation in the cryptocurrency industry for retail and institutional investors.”

Furthermore, Coinbase believes that FairX is the ideal selection to pursue its mission. FairX’s engineering is uncomplicated and easy, which will enable Coinbase provide a uncomplicated consumer expertise to its clients. The acquisition is even now topic to sure disorders, but is anticipated to near in the 1st quarter of 2022.

Currently, only a handful of exchanges make it possible for US traders to participate in Bitcoin (BTC) and Ethereum (ETH) futures contracts, but that is very likely to modify as centralized exchanges attain horizon dimension, even if they are listed right on an exchange. values ​​such as Coinbase, has begun to intervene.

While this is an crucial milestone for Coinbase, Crypto.com and FTX have the two taken equivalent actions in the previous. FTX acquired LedgerX in August 2021 and with Crypto.com as the Nadex platform in December 2021.

Exchanges like Binance, Bybit, Huobi or OKEx on the spot marketplace also have their personal derivatives marketplace. However, the move will enable Coinbase quickly leap to the major of key derivative exchanges as Coinbase presently has 56 million energetic customers, eight.eight million of whom execute at least 1 transaction per month.

Coinbase’s most current move is understandable even offered the typical ground of direct rivals. According to the most current Glassnode report, on the other hand, open curiosity has reached an all-time large of 264,000 BTC, up 42% given that December four, the derivatives index has reached its peak, greater than all of 2021 even if it is only a minor now, spanning about two weeks into 2022. Therefore, futures trading is very likely to be a trend that continues to increase and of program Coinbase does not want to miss this chance.

Open interest Bitcoin on the derivatives market.  Source: Glassnode
Open curiosity Bitcoin on the derivatives marketplace. Source: Glassnode

Synthetic currency 68

Maybe you are interested:

Maybe you are interested:

Tags: acquisitionCoinbaseDerivativesenterFairXmarketprepares
Share76Tweet48

Related Posts

Ethereum will distribute The Merge from 15 to 16 September

Ethereum will distribute The Merge from 15 to sixteen September

by Shiba Inu
August 11, 2022
0

Ethereum developers have estimated the actual time to apply The Merge update soon after a prosperous check on Goerli's testnet...

Information Maker wants to use USDC to support DAI to purchase ETH

Information Maker desires to use USDC to assistance DAI to order ETH

by Shiba Inu
August 11, 2022
0

The DeFi neighborhood is abuzz with information that Maker is seeking to consider its DAI stablecoin away from its USDC...

BlackRock Establishes Fund to Allow Direct Investment in Bitcoin, BTC Price Approaches $ 25,000

BlackRock Establishes Fund to Allow Direct Investment in Bitcoin, BTC Price Approaches $ 25,000

by Shiba Inu
August 11, 2022
0

BlackRock Investment Management Group will produce a personal equity fund that will give substantial US institutions direct publicity to Bitcoin....

dYdX blocks user accounts that are "involved" with Tornado Cash

dYdX blocks consumer accounts that are “involved” with Tornado Cash

by Shiba Inu
August 11, 2022
0

The dYdX derivatives protocol confirmed that it had blocked consumer accounts interacting with the Tornado Cash "mixer" following US sanctions....

Mark Cuban is suing for illegal advertising for Voyager

Mark Cuban is suing for unlawful promoting for Voyager

by Shiba Inu
August 11, 2022
0

Mark Cuban is accused of falsely marketing Voyager's encryption solutions and leveraging his seniority for the advantage of clients. Mark...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance fund game General News Information Investment Latest Launch launches market Metaverse million Mining Network News NFT Overview platform Price project Review SEC Token trading updates USD wallet

Recent Posts

  • FTX Director Sam Bankman-Fried New Payment Solution Details Partnering With Social Media Giant Reddit
  • Ethereum will distribute The Merge from 15 to sixteen September
  • Information Maker desires to use USDC to assistance DAI to order ETH
  • BlackRock Establishes Fund to Allow Direct Investment in Bitcoin, BTC Price Approaches $ 25,000
  • dYdX blocks consumer accounts that are “involved” with Tornado Cash
  • Mark Cuban is suing for unlawful promoting for Voyager
  • Account Abstraction – When crypto wallet and wise contract merge into one particular
  • The distinction amongst the two blockchains Sui and Aptos – What is the most prospective identify?
  • President Joe Biden Criticized When Claiming Zero Inflation In July
  • SEC, CFTC Want Private Funds To Report Crypto Holdings
  • Crypto Market Highlights August 11, 2022
  • What is Meta Apes (PEEL)? The first game project on Binance Sidechain
  • USDT Volume On Exchanges Increased By 20% In 3 Months
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7