{"id":224507,"date":"2022-01-14T00:58:49","date_gmt":"2022-01-13T19:28:49","guid":{"rendered":"https:\/\/www.www.bullfrag.com\/coinbase-buys-a-platform-to-trade-cryptocurrency-futures\/"},"modified":"2022-01-14T00:58:49","modified_gmt":"2022-01-13T19:28:49","slug":"coinbase-buys-a-platform-to-trade-cryptocurrency-futures","status":"publish","type":"post","link":"https:\/\/www.bullfrag.com\/coinbase-buys-a-platform-to-trade-cryptocurrency-futures\/","title":{"rendered":"Coinbase buys a platform to trade cryptocurrency futures"},"content":{"rendered":"

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Coinbase said it wants to make regulated crypto derivatives trading accessible to retail and institutional clients.<\/p>\n

“Developing a transparent derivatives market is a critical turning point for any asset class and we believe it will unlock greater participation in the crypto economy for both retail and institutional investors,” he said in a blog post Wednesday.<\/p>\n

The cryptocurrency derivatives business has grown rapidly since institutional investors in the past 18 months began adopting digital currencies, presenting great opportunities for platforms offering options and futures.<\/p>\n

Crypto derivatives volumes totaled $3.3 trillion in November, according to UK research firm CryptoCompare, accounting for nearly 55% of the total crypto market.<\/p>\n

The deal is expected to close in the first quarter, the company said.<\/p>\n<\/p><\/div>\n