Coinbase announced today that it has acquired the US-based derivatives platform FairX.
https://twitter. com/coinbase/status/1481374927143899138
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The move could pave the way for Coinbase to offer crypto derivatives products in the US. Currently, only a handful of exchanges allow US investors to trade Bitcoin (BTC) and Ethereum (ETH) futures. FTX acquired LedgerX last August for a similar purpose.
Coinbase made the following statements in a blog post:
“The development of a transparent derivatives market is a landmark for any asset class. We believe this will pave the way for greater participation in the crypto economy for both retail and institutional investors.”
FairX is registered with the Commodity Futures Trading Commission (CFTC). This means that FairX is allowed by the regulators to offer futures products.
