Coinbase to offer crypto derivatives to all US customers after having acquired Fairx exchange - Times of India (2024)

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• The acquisition would pave the way for the exchange to offer crypto derivatives to retail and institutional customers in the US and help in creating a robust and holistic trading environment for investors.
• The derivatives market would be accessible to investors through an industry-leading, simplified user experience offered by Coinbase.
• Coinbase would bring regulated crypto derivatives to market, initially through Fairx’s existing partner ecosystem.
• It would then gradually optimize Fairx’s infrastructure to offer crypto derivatives to all Coinbase customers in the US.
• Since deep and liquid derivatives markets are crucial for the functioning of traditional capital markets, these products are in high demand from investors.
• With the help of derivative products, investors want to effectively manage risk, execute complex trading strategies, and gain exposure to crypto outside of existing spot markets.
• A transparent derivatives market will attract any asset class and will unlock further participation in the crypto market for retail and institutional investors alike.
• Coinbase said that FairX would be advantageous in Coinbase’s goal because :
• FairX has a world-class team with thorough expertise across product development, market structure and compliance .
• Its market-leading exchange technology and proven ability to deliver listed futures in a straightforward, easy-to-understand structure would also help Coinbase in creating a more fair, accessible, efficient, and transparent financial system enabled by crypto.

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