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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. …