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 <p class="is-style-lead">Coinbase recently considered buying FTX Europe, highlighting the growing significance of crypto derivatives in global trading strategies.</p> 
 <p>In the crypto trading space, derivatives have grown in significance, outpacing the popularity of spot trading. This trend is demonstrated by Coinbase’s recent interest in acquiring FTX Europe on Sept. 22, further underlining the expanding role of derivatives in global crypto trading strategies.</p> 
 <p>Derivatives, which are intricate financial instruments taking their value from underlying assets like Bitcoin and Ether, have become the powerhouse in the crypto trade. Data from Kaiko Research highlights that in the second quarter of 2023, derivatives volume was a staggering six times more than spot volume. While spot trading centers on an asset’s current price, derivatives have been capturing the limelight.</p> 
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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
    <p lang="en" dir="ltr">#Coinbase is considering the acquisition of #FTX Europe to expand its #Crypto derivatives business.#CryptoCom is also interested in acquiring the European business$FTT, the native token of FTX, pumped more than 15% after the news got out pic.twitter.com/Z43jhBy941</p>— Satoshi Talks (@Satoshi_Talks) September 22, 2023 
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 <h3 class="wp-block-heading" id="coinbase-looks-to-asia">Coinbase looks to Asia</h3> 
 <p>The U.S. remains an uncertain terrain for <a rel="noopener noreferrer nofollow" title="derivative" href="https://thebittimes.com/tag/derivative.html">derivative</a>s, mainly due to regulatory constraints. This has prompted major U.S. entities like Coinbase and Gemini to pivot towards Asian markets by setting up offshore exchanges.</p> 
 <p>Interestingly, Coinbase secured the green light in August to introduce <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> futures, a subset of <a rel="noopener noreferrer nofollow" title="derivative" href="https://thebittimes.com/tag/derivative.html">derivative</a>s, to its U.S. clientele. This development indicates a future <a rel="noopener noreferrer nofollow" title="expansion" href="https://thebittimes.com/tag/expansion.html">expansion</a> in the coming weeks.</p> 
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 <p>FTX Europe, prior to its collapse in November, had carved a niche for itself in the European derivatives market. It was singular in offering a sought-after crypto derivative — perpetual futures (known as perps) — due to a pivotal Cypriot regulatory license.</p> 
 <p>This license, acquired by FTX for $376 million in 2021, remained an asset even after FTX’s bankruptcy. Its inherent value, transmissible only via acquisition, magnetized various potential buyers. It’s worth noting that parts of Sam Bankman-Fried’s once-towering FTX empire were put up for auction.</p> 
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 <p>Reports from Fortune suggest a myriad of contenders for FTX Europe, including Crypto.com and FTX FDM. Pertinently, Coinbase also demonstrated <a rel="noopener noreferrer nofollow" title="interest" href="https://thebittimes.com/tag/interest.html">interest</a> post-FTX’s 2022 bankruptcy, but current insights reveal Coinbase has stepped back from the acquisition possibility.</p> 
 <p>The move aligns with Coinbase’s history of strategic acquisitions, evidenced by their previous takeover of the futures exchange FairX in 2022. As stated by a Coinbase spokesperson, the firm continually assesses avenues to expand its operations, collaborating with global teams to optimize opportunities.</p> 
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Coinbase to begin new campaign to advance US legislation 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/coinbase-shows-interest-in-ftx-europe-amid-global-crypto-derivatives-expansion-tbt63796.html">https://thebittimes.com/coinbase-shows-interest-in-ftx-europe-amid-global-crypto-derivatives-expansion-tbt63796.html</a></p>

Coinbase shows interest in FTX Europe amid global crypto derivatives expansion

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