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Coinbase Buys Futures Exchange in Crypto Derivatives Push

  • Biggest U.S. crypto exchange acquires FairX marketplace
  • Purchase could expedite efforts to diversify product portfolio
    

    

Photographer: Michael Nagle/Bloomberg
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Coinbase Global Inc. is acquiring futures exchange FairX in its biggest step yet toward expanding into crypto derivatives.

Already registered with U.S. regulators, the firm could give Coinbase the edge it needs in getting a derivatives marketplace up and running. Terms of the deal were not provided.