Coinbase announced today that it has acquired the US-based derivatives platform FairX.
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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:
FairX is registered with the Commodity Futures Trading Commission (CFTC). This means that FairX is allowed by the regulators to offer futures products.