Coinbase Inc. (NASDAQ: COIN), in its efforts to expand its crypto derivatives offerings globally, considered buying FTX's European branch after the latter's bankruptcy in November, according to Fortune.
FTX Europe, prior to its parent company's downfall, was the sole provider of a sought-after type of crypto derivative known as perpetual futures or "perps" in Europe, leveraging a crucial regulatory license from Cyprus.
This entity was initially purchased by FTX for $376 million towards the end of 2021.
As Benzinga's Future of Digital Assets conference on Nov. 14 will highlight, such strategic moves and acquisitions play a pivotal role in the evolving digital asset landscape.
Despite FTX's challenges, FTX Europe continued ...