Coinbase Buys FairX, Pushing Hard Into Crypto Derivatives

Investing.com | Jan 14, 2022 at 2:01 AM
  • On Wednesday, Coinbase (NASDAQ:COIN) announced its acquisition of FairX, a derivatives exchange regulated by the U.S. Commodity Futures Trading Commission.
  • Over time, Coinbase will use FairX’s infrastructure to provide crypto derivatives to all Coinbase customers in the U.S..
  • The acquisition is subject to customary closing conditions and reviews, and is expected to close in Coinbase’s first fiscal quarter.