Coinbase acquires Fairx Exchange to make the appointment market accessible to millions of private customers - Exchanges

The Coinbase cryptocurrency exchange listed on the Nasdaq has acquired a regulated trading platform for derivatives. Coinbase plans to make the derivative market more accessible to millions of its private customers.

Coinbase plans to offer all US customers crypto derivatives

The crypto exchange operator Coinbase noted on the Nasdaq announced on Wednesday that he took over Fairx, a regulated trading platform for derivatives.

Fairx is regulated by the Commodity Futures Trading Commission (CFTC) as an appointment exchange or designated contract market (DCM).

"With this takeover we plan to bring regulated crypto derivatives onto the market, first via the existing partner ecosystem from Fairx," explained Coinbase. "Over time, we plan to use the Fairx infrastructure to offer all coinbase customers in the USA crypto derivatives."

The company listed on the Nasdaq added:

We would like to make the derivative market more accessible for our millions of private customers by offering a user -friendly user experience for which Coinbase is known.

Coinbase further noticed: "Depth and liquid derivative markets are essential for the functioning of traditional capital markets", and explained:

These products are very much in demand for investors who try to effectively manage risks, carry out complex trade strategies and to gain engagement in cryptocurrencies outside of the existing spot markets.

The takeover of Fairx is subject to the usual final conditions and exams. Coinbase expects the deal to be completed in the first business quarter. In the meantime, Fairx will work normally during this time.

What do you think of the takeover of Fairx by Coinbase to offer his private customers' trade in derivatives? Let us know in the comment area below.

Kevin Helms

As a student of Austrian economics, Kevin Bitcoin discovered in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the interface between economy and cryptography.

Bedy verification : Shutterstock, Pixabay, WikiCommons