• bitcoin
    Bitcoin(BTC)
    $44,236.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $3,099.46 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $429.53 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $1.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $1.09 5.58%24H
  • chainlink
    Chainlink(LINK)
    $16.79 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $339.29 5.04%24H
  • stellar
    Stellar(XLM)
    $0.219 4.19%24H
  • vechain
    VeChain(VET)
    $0.060 7.84%24H
  • tezos
    Tezos(XTZ)
    $4.15 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00100 3.34%24H
Crypto Currency Bazaar 4u
  • INVESTMENTS
    • Crypto General
    • Masternodes
    • Mining Projects
    • NFTS Investments
    • Invest In ICO
    • Exchanges
    • Staking Yeild Farming
  • WORLD
  • USA
  • CANADA
  • JAPAN
  • UK
  • UAE
  • INDIA
  • MORE
    • BRAZIL
    • AUSTRALIA
    • EL SALVADOR
    • CENTRAL AMERCIA
    • SOUTH AMERICA
    • AFRICA
    • EUROPE
    • ASIA
    • OCEANIA
    • ICO
  • Login
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE
HealthNews
No Result
View All Result
Home UK

Coinbase Acquires Derivatives Exchange FairX

CB4U by CB4U
January 15, 2022
in UK
0
Coinbase Acquires Derivatives Exchange FairX
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Coinbase is officially entering the crypto derivatives market, and a strategic acquisition of FairX, a CFTC-regulated derivatives exchange, is its first major step. Crypto futures and options trading on the platform are already under development and are being readied for licensing.

According to Coinbase, the acquisition is “a key stepping stone on Coinbase’s path to offer crypto derivatives to retail and institutional customers in the US.” The move comes as FTX.US and Crypto.com, Coinbase’s prime competitors in the U.S. have made similar initiatives. Kraken, another U.S.-based exchange, already has presence in the derivatives market.

“As crypto matures as an asset class and the world’s most sophisticated investors deepen their journey into the cryptoeconomy, a healthy, well-regulated derivatives market will be critical for long-term success.” Coinbase stated in a blog announcement.

Derivatives are financial instruments that derive their value from an underlying asset, such as a cryptocurrency, fiat currency, or commodities. Traders may wager on the future price of the underlying asset either in the form of speculation or as a method to hedge risk. There are generally two types of derivatives contracts available in a derivative market. Options give purchasers the right to buy or sell an underlying asset at a specified price, but do not force them to do so. Futures, on the other hand, imply that the trade must take place on the contract’s specified expiration date. In simple terms, futures contracts enable investors to lock in a commitment, while options provide investors with a choice of whether a trade should be executed or not.

“FairX brings a world-class team with deep expertise across product development, market structure, and compliance to Coinbase. Its market-leading exchange technology and proven ability to deliver listed futures in a straightforward, easy-to-understand structure, aligns with Coinbase’s commitment to creating a more fair, accessible, efficient, and transparent financial system enabled by crypto.” Coinbase said of the acquisition.

FairX’s status as a regulated entity approved by the U.S. Commodity Futures Trading Commission (CFTC) is a key factor in Coinbase’s decision to acquire it. The acquisition is subject to closing conditions and further reviews, with a closing date expected to align with Coinbase’s first fiscal quarter.

Derivatives present a lucrative sector, especially for exchanges operating in first-world countries such as the U.S. According to recent industry data from CoinMarketCap, average derivatives volume surpasses spot volume by at least three times the 24-hour cap, with Binance representing a major foothold in the market with over $53.2 billion in daily volume.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Advertisement Banner
Previous Post

Uruguay reportedly installs its first Bitcoin ATM

Next Post

The Best PFP NFTs of 2021

CB4U

CB4U

Next Post
The Best PFP NFTs of 2021

The Best PFP NFTs of 2021

Discussion about this post

RECOMMENDED

Everdome To Launch Mission To Mars From Hatta, UAE » CoinFunda

Everdome To Launch Mission To Mars From Hatta, UAE » CoinFunda

4 months ago
TA: Bitcoin Gearing For Lift-Off to $44K: Recovery Isn’t Over Yet

TA: Bitcoin Gearing For Lift-Off to $44K: Recovery Isn’t Over Yet

6 months ago

DON'T MISS

Dogecoin Emerges As The Biggest Winner Among Top 10 Crypto Assets

Dogecoin Emerges As The Biggest Winner Among Top 10 Crypto Assets

June 28, 2022
Bitcoin, Ethereum price outlook: Analysts on key levels

Bitcoin, Ethereum price outlook: Analysts on key levels

June 28, 2022
Salvadorian entrepreneurs can now claim a $100,000 Bitcoin grant

Salvadorian entrepreneurs can now claim a $100,000 Bitcoin grant

June 28, 2022
Goldman Sachs Is Raising $2 Billion To Buy Celsius’ Assets

Goldman Sachs Is Raising $2 Billion To Buy Celsius’ Assets

June 28, 2022
Crypto Currency Bazaar 4u

The Cryptocurrency Bazaar 4U was founded in 2020 for providing the most trusted information for the Crypto enthusiasts covering a broad range of news about blockchain technology, cryptocurrency assets, emerging fintech trends in the decentralized space, and other related wide array of information surrounding this emerging technology.Our team provides the most up-to-date and accurate news from different sources in this space comprising of unbiased news, in-depth analytics, detailed cryptocurrency price charts, and insightful opinion pieces is the basis of our editorial content.

POPULAR POSTS

Dogecoin Emerges As The Biggest Winner Among Top 10 Crypto Assets

Dogecoin Emerges As The Biggest Winner Among Top 10 Crypto Assets

June 28, 2022
Bitcoin, Ethereum price outlook: Analysts on key levels

Bitcoin, Ethereum price outlook: Analysts on key levels

June 28, 2022
Salvadorian entrepreneurs can now claim a $100,000 Bitcoin grant

Salvadorian entrepreneurs can now claim a $100,000 Bitcoin grant

June 28, 2022

Categories

  • AFRICA
  • ALTCOIN
  • ASIA
  • AUSTRALIA
  • BITCOIN
  • BLOCKCHAIN
  • BRAZIL
  • CANADA
  • CENTRAL AMERCIA
  • CRYPTO GENERAL
  • EL SALVADOR
  • ETHEREUM
  • EUROPE
  • EXCHANGES
  • ICO
  • INDIA
  • INVERST IN ICO
  • INVESTMENTS
  • JAPAN
  • MASTERNODES
  • MINING
  • MINING PROJECTS
  • NFTS
  • NFTS INVESTMENTS
  • OCEANIA
  • SINGAPORE
  • SOUTH AMERICA
  • STAKING & YEILD FARMING
  • UAE
  • UK
  • Uncategorized
  • USA
  • VIDEOS
  • WORLD
  • CONTACT US
  • DISCLAIMER
  • PRIVACY POLICY
  • ABOUT US
  • CLASSIFIED
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

No Result
View All Result
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoin
    Bitcoin(BTC)
    $44,236.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $3,099.46 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $429.53 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $1.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $1.09 5.58%24H
  • chainlink
    Chainlink(LINK)
    $16.79 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $339.29 5.04%24H
  • stellar
    Stellar(XLM)
    $0.219 4.19%24H
  • vechain
    VeChain(VET)
    $0.060 7.84%24H
  • tezos
    Tezos(XTZ)
    $4.15 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00100 3.34%24H