Coinbase Acquires Crypto Derivatives Platform FairX
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Coinbase, the largest US crypto exchange, has agreed to acquire crypto derivatives platform FairX, regulated by the US Commodity Futures Trading Commission (CFTС).

Coinbase will now offer its retail and institutional customers access to regulated cryptocurrency derivatives. FairX has a designated contract market (DCM) license.

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The transaction is expected to be completed in the first fiscal quarter, before which the parties must obtain regulatory approval. The amount of the deal has not been disclosed. Coinbase will gradually integrate FairX into its ecosystem.

Coinbase has previously applied to register as a futures broker. In the future, this will enable the company to obtain a license from the CFTC.

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