Coinbase (NASDAQ 🙂 has announced the acquisition of FairX by U.S. Commodity Futures Trading Commission. FairX is a derivatives trading platform. According to the company, this acquisition is the next step in creating an investor-friendly trading platform. Through this acquisition, Coinbase plans to bring regulated crypto derivatives – contract bets based on future price action either up or down – to market.

Over time, Coinbase will use FairX’s infrastructure to provide crypto derivatives to all Coinbase customers in the U.S., with a goal of making the derivatives market more accessible to its millions of retail users. Coinbase intends to offer a user-friendly experience, as well as learning resources.

“Deep and liquid derivatives markets are essential to the functioning of traditional capital markets. This product is highly sought after by investors looking to efficiently manage risk, implement complex trading strategies and get exposure to crypto beyond existing spot markets. The development of a transparent derivatives market is a critical inflection point for any asset class and we believe it will unlock further participation in the crypto-economy for retail and institutional investors alike,”
The company made the statement in an official announcement.

The acquisition is subject to customary closing conditions and reviews, and is expected to close in Coinbase’s first fiscal quarter. FairX will be operating normally within that period.

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