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Coinbase to Step on the Derivatives Trading Market

Coinbase is on the final stretch of acquiring the CFTC-regulated derivatives exchange platform FairX. With the acquisition, Coinbase aims to access the crypto derivatives market in the U.S. According to CoinGecko, only the top three crypto spot exchanges have amassed over $25B in trading volume over the last 24 hours, but in the same amount of time the top three derivatives exchanges have passed the $70B mark in trading volume.

It comes to no surprise that in such market conditions Coinbase, which is the only publicly traded crypto exchange in the U.S.A. announced today its plans to acquire FairX and offer crypto derivatives trading to its users. The deal is planned to be finalized by the end of March, and will not be the first of its kind in the sector, following the example of FTX.US and Crypto.com.

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