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Coinbase announces acquisition of derivatives exchange FairX

Coinbase is acquiring FairX, a CFTC-regulated derivatives exchange. The exchange company announced the move on Wednesday, saying: “This is an important step toward Coinbase ultimately making the derivatives market accessible to our millions of customers through an industry-leading, simplified user experience.” “Through this acquisition, we plan to bring regulated crypto derivatives to market, initially through FairX’s existing partner ecosystem,” Coinbase said. “Over time, we plan to leverage FairX’s infrastructure to offer crypto derivatives to all Coinbase customers in the US. …

Despite COIN’s slump, Wall Street is rallying behind the stock

Coinbase is feeling the pain of the broader slump in cryptocurrency coin prices, but Wall Street analysts are rallying behind the company despite a months-long decline in the exchange’s share price.  Coinbase Global Inc’s shares have fallen nearly 35% since November 9. And the price has fallen even more sharply this week, in line with the broader market for crypto public equities and tokens, which have been upended in part by anxieties that the Federal Reserve will more quickly hike …

Coinbase insiders sold over $40 million in COIN during December selloff, SEC data shows

Coinbase, the first crypto exchange to issue stock publicly in the U.S., has had a rocky couple of months. Government data reveals that company insiders and early investors have been part of a significant selloff.  Per beneficial ownership data gathered by the Securities and Exchange Commission and easier to browse on Dataroma, major players sold $40,631,394 worth of COIN over the course of December. The SEC requires these disclosures of company officers and directors, as well as any shareholders who …

Crypto industry M&A activity surged 131% in 2021

Cryptocurrency deal-making clocked in record volumes after a frenzied year for merger and acquisitions, with approximately $6.1 billion in M&A volume driven by crypto-native, finance, and technology companies.  As noted by The Block Research’s 2022 Digital Asset Outlook report, M&A transactions hit a record high for the sector with more than 197 acquisitions so far this year. That growth represents a nearly 130% increase compared to last year, which clocked in 85 transactions. The surge in dealmaking has been fueled …