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Coinbase buys crypto futures exchanges, plans to sell derivatives in U.S

LONDON (Reuters) - Major cryptocurrency exchange Coinbase (NASDAQ:COIN) said it is buying a crypto futures exchange, FairX, as part of a move to offer crypto derivatives to...
Coinbase buys crypto futures exchanges, plans to sell derivatives in U.S © Reuters. FILE PHOTO: The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton

LONDON (Reuters) - Major cryptocurrency exchange Coinbase (NASDAQ:COIN) said it is buying a crypto futures exchange, FairX, as part of a move to offer crypto derivatives to traders in the United States.

FairX, which was launched last year, is the operating name of LMX Labs. It sells futures products and is regulated by the U.S. Commodity Futures Trading Commission (CFTC).

Coinbase said it wants to make trading of regulated crypto derivatives accessible to retail and institutional customers.

"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 cryptoeconomy for retail and institutional investors alike," it said in a blog post on Wednesday.

Trading of cryptocurrency derivatives has grown rapidly since institutional investors have over the past 18 months begun to embrace digital coin trading, presenting big opportunities for platforms that offer future and options.

Crypto derivatives volumes totalled $3.3 trillion in November, according to UK research CryptoCompare, accounting for almost 55% of the total crypto market.

Crypto futures and options products, especially those offered by regulated platforms, are widely seen as less risky than buying and selling cash trading.

That likely makes them more appealing for institutional investors seeking to gain exposure to cryptocurrencies, many of whom are balancing the lure of fast gains with the lingering risks in the emerging industry.

The deal is expected to close in the first quarter, the company said.

Shares in Coinbase ended 1% lower on Wednesday after registering its first day of net gains this year on Tuesday reaching above $246 though it remains down around 39% since it went public in April last year.

Shares were up nearly 3% at $241.20 in premarket trading.

Shares of blockchain-related firms fell earlier this week as bitcoin slid below $40,000. It remains significantly below the all-time high of $69,000 it reached in November last year.

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17-01-2022 00:07:58 (UTC+7)

EUR/USD

1.1417

+0.0003 (+0.03%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (9)

EUR/USD

1.1417

+0.0003 (+0.03%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (9)

GBP/USD

1.3676

+0.0003 (+0.02%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

USD/JPY

114.44

+0.24 (+0.21%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (0)

AUD/USD

0.7207

+0.0001 (+0.02%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (5)

USD/CAD

1.2541

-0.0013 (-0.10%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (1)

EUR/JPY

130.66

+0.31 (+0.24%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (4)

Sell (1)

EUR/CHF

1.0442

+0.0013 (+0.12%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Gold Futures

1,818.35

+1.85 (+0.10%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (8)

Silver Futures

23.038

+0.120 (+0.52%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (3)

Copper Futures

4.4240

-0.0040 (-0.09%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (0)

Crude Oil WTI Futures

83.58

+0.28 (+0.34%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (10)

Sell (0)

Brent Oil Futures

86.25

+0.19 (+0.22%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Natural Gas Futures

4.298

+0.075 (+1.78%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (7)

US Coffee C Futures

239.65

+2.65 (+1.12%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (3)

Euro Stoxx 50

4,272.19

-43.71 (-1.01%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (1)

S&P 500

4,662.85

+3.82 (+0.08%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (2)

DAX

15,883.24

-148.35 (-0.93%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (1)

FTSE 100

7,542.95

-20.90 (-0.28%)

Summary

Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (3)

Sell (3)

Hang Seng

24,226.00

-157.32 (-0.65%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (7)

US Small Cap 2000

2,161.48

+2.05 (+0.09%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

IBEX 35

8,806.60

-10.30 (-0.12%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

BASF SE NA O.N.

68.110

+0.360 (+0.53%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (4)

Bayer AG NA

52.59

+1.53 (+3.00%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (9)

Allianz SE VNA O.N.

227.00

-0.40 (-0.18%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

Adidas AG

252.35

-3.85 (-1.50%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (1)

Deutsche Lufthansa AG

7.241

-0.043 (-0.59%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Siemens AG Class N

145.86

-5.64 (-3.72%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (3)

Deutsche Bank AG

11.954

-0.246 (-2.02%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (6)

 EUR/USD1.1417↑ Sell
 GBP/USD1.3676↑ Sell
 USD/JPY114.44↑ Buy
 AUD/USD0.7207Sell
 USD/CAD1.2541↑ Buy
 EUR/JPY130.66↑ Buy
 EUR/CHF1.0442↑ Buy
 Gold1,818.35↑ Sell
 Silver23.038↑ Buy
 Copper4.4240↑ Buy
 Crude Oil WTI83.58↑ Buy
 Brent Oil86.25↑ Buy
 Natural Gas4.298↑ Sell
 US Coffee C239.65↑ Buy
 Euro Stoxx 504,272.19Buy
 S&P 5004,662.85↑ Buy
 DAX15,883.24↑ Buy
 FTSE 1007,542.95Sell
 Hang Seng24,226.00↑ Sell
 Small Cap 20002,161.48↑ Buy
 IBEX 358,806.60↑ Buy
 BASF68.110Sell
 Bayer52.59↑ Sell
 Allianz227.00↑ Sell
 Adidas252.35Buy
 Lufthansa7.241↑ Buy
 Siemens AG145.86Neutral
 Deutsche Bank AG11.954Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,115/ 6,155
(-5/ -5) # 1,148
SJC HCM6,110/ 6,170
(10/ 0) # 1,163
SJC Hanoi6,110/ 6,172
(10/ 0) # 1,165
SJC Danang6,110/ 6,172
(10/ 0) # 1,165
SJC Nhatrang6,110/ 6,172
(10/ 0) # 1,165
SJC Cantho6,110/ 6,172
(10/ 0) # 1,165
Cập nhật 17-01-2022 00:08:00
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ↀ Giá vàng thế giới
$1,819.24+2.760.15%
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Sản phẩmVùng 1Vùng 2
RON 95-IV2400024480
RON 95-II,III2390024370
E5 RON 92-II2291023360
DO 0.05S1838018740
DO 0,001S-V1873019100
Dầu hỏa1719017530
ↂ Giá dầu thô thế giới
WTI$83.53+0.310.37%
Brent$85.71+0.340.39%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.540,0022.850,00
EUR25.234,8826.649,42
GBP30.246,4531.537,99
JPY192,66203,94
KRW16,5020,10
Cập nhật lúc 12:03:10 17/01/2022
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