Crypto exchange giants FTX and Bitstamp are looking to expand their services and try competing with stock trading platforms. Brett Harrison, FTX US president tweeted out that the exchange was looking at offering “actual vanilla stocks” (as opposed to tokenized stocks) on its platform. “We’re hard at work on stocks! Features we’re planning for day […]

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Coinbase, the US’s biggest cryptocurrency exchange by trading volume, has announced the acquisition of FairX, a US registered futures exchange. The move will see Coinbase finally filling the gap in its portfolio offering with a move into crypto derivatives. Coinbase looking to capitalize on the crypto derivatives market with acquisition of FairX Coinbase exchange is

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Coinbase is launching a cryptocurrency derivatives service for its clients by announcing the acquisition of derivatives exchange FairX. (Read More)

The US-based cryptocurrency exchange Coinbase has announced the acquisition of FairX, a CFTC-regulated derivatives exchange. According to the official announcement, the acquisition ‘is an important step toward Coinbase ultimately making the derivatives market accessible’ to its millions of customers in the United States. FairX is the operating name of LMX Labs, LLC, which received approval as a designated contract market (DCM) under the Commodity Futures and Trading Commission in (CFTC) November 20202. Launched in May 2021, the trading platform has already secured brokerage partnerships with industry leaders like TD Ameritrade and E*Trade, ABN AMRO, Wedbush, Virtu Financial. Coinbase will be initially looking to offer regulated crypto derivatives to market through the FairX existing partner ecosystem. The acquisition is set to close in the first quarter of 2022 with terms of the agreement not disclosed. “Over time, we plan to leverage FairX’s infrastructure to offer crypto derivatives to all Coinbase customers in the US. We want to make the derivatives market more approachable for our millions of retail customers by delivering an easy-to-use user experience that Coinbase is known for,” the announcement post read. Over the past seven days, crypto derivatives accounted for $137 billion in 24-hour trading volume over the past day according to CoinGecko. In the same period, spot trading volume across crypto exchanges accounted for $55 billion. This is not the first time a US-based crypto exchange has looked towards the derivatives market. In August, FTX.US, bought LedgerX, another derivatives trading platform regulated by the CFTC. Similarly, last month, Singapore-based Crypto.com announced the purchase of the North American Derivatives Exchange, revealing its entry into the US crypto derivatives market.

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Coinbase is finalizing the acquisition of CFTC-regulated derivatives exchange FairX, paving the way for crypto futures and options trading on the platform.

The U.S. arm of FTX.com has announced it’s planning on adding derivatives, self-hosted NFT wallet services, and tokenized stocks. U.S. based customers will have access to these new products in 2022 The announcement came in the form of a tweet by FTX US President Brett Harrison when he was discussing the steps the exchange is […]

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Crypto exchange regulation has been frustratingly complex for crypto traders in recent years, being about as difficult to understand and navigate through as trying to play pin the tail on donkey while blindfolded and submerged in chocolate pudding. FTX have finally overcome what has felt like a bad dating show about who is dating who, […]

The post FTX US Review: Crypto Trading for US Investors appeared first on Coin Bureau.

Crypto trading doesn’t have to be a complicated process. In fact, with the right tools for the job, it can be as easy as...

The American cryptocurrency exchange giant FTX sponsors the University of California, Berkeley (UCB) with $17.5 million in cryptocurrency in exchange for getting the...

Sam Bankman-Fried’s FTX exchange is rebranding the Blockfolio trading app after its own name. The renamed product will be known as "FTX mobile app" .

FTX continues it’s run of sports partnerships. Last week, the exchange broke ground as Major League Baseball’s first ‘Official Crypto Partner‘. Earlier this month, FTX teamed up with leading esports organization TSM in a historic naming rights deal. Today, the firm continued their partnerships streak by way of a deal with one of the most […]