Coinbase, the largest US cryptocurrency exchange, is exploring a bid to acquire FTX Europe, the European subsidiary of bankrupt cryptocurrency exchange FTX.
According to a report by Fortune on September 22, Coinbase is exploring a bid to acquire FTX Europe as part of its expansion plans to offer crypto derivatives products globally. On the other hand, another cryptocurrency exchange Crypto.com in FTX Europe is interested in.
In the news, buy their talks have not yet couldn’t reach a conclusion specified. Additionally, Coinbase’s interest in FTX Europe has recently in spot trading volume from the great decline and global from growth plans It was emphasized that it originated from
According to a message viewed by Fortune Coinbase, FTX bankruptcy immediately after And within this month He assigned a European manager to explore the possibility of a buyout. According to a source familiar with the talks, Coinbase is no longer pursuing the deal process.
With the influence of the recent bear market in the cryptocurrency market spot trading volume is extremely low is available. Coinbase is unable to offer derivative transactions to US retail customers and there is a large gap in this area. He may have taken such a step because he lost market share. is considered.
Speaking to Fortune, an FTX spokesperson said in a statement that the value of the assets in order to maximize Assets listed on FTX Europe some or all He stated that they are evaluating options to sell.
As part of Coinbase’s global expansion plans, Coinbase International Exchange, announced that he opened a stock exchange called Futures for 4 cryptocurrencies had initiated the proceedings.
According to Coingecko data, with the news hitting the market, FTX native token FTT, has been on the rise. FTT, $1with writing price at level r 1.14 rising to the dollar 14%It experienced an increase of .