NEW: coinbase is acquiring a CFTC-regulated derivatives exchange, bringing it one step closer to offering crypto futures in the U.S. nikhileshde reports
Crypto exchange Coinbase is purchasing FairX, a U.S.-based derivatives platform, the company announced Wednesday.
The move could open the door for Coinbase to offer crypto derivatives products in the U.S. At present, only a handful of exchanges allow U.S. investors to trade bitcoin and ether futures, with cash-settled products being both the most popular and the longest-available products.
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