Coinbase Acquires FairX to Build Regulated Crypto Derivatives Offering
January 12, 2022
Coinbase announced it is acquiring FairX (operating as LMX Labs, LLC), a CFTC-designated derivatives exchange, to accelerate the launch of regulated crypto derivatives for retail and institutional customers in the United States. The deal gives Coinbase a regulated trading venue and associated infrastructure and talent, enabling it to offer listed futures initially through FairX's partner ecosystem and eventually to all Coinbase customers; the transaction is subject to customary closing conditions.
- Buyers
- Coinbase Global, Inc.
- Targets
- FairX (LMX Labs, LLC)
- Industry
- Financial Services
- Location
- Illinois, United States
- Transaction Type
- Buyout
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