Coinbase Considers Purchasing FTX Europe for Derivatives Expansion!

Coinbase, a cryptocurrency exchange, has reportedly considered purchasing FTX Europe, according to Fortune. This is part of Coinbase’s plans to expand its derivatives business, though acquisition talks never reached a late stage. FTX Europe, which was put up for sale after its parent company declared bankruptcy last year, was reportedly considered by Coinbase because of its highly profitable derivatives business and growing customer base. Several potential buyers have expressed interest in FTX Europe, including Crypto.com and Trek Labs, due to its licenses to offer perpetual futures, which are a highly popular derivatives offering.