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Coinbase’s European Retreat? FTX Acquisition Plans Halted amid Regulatory Scrutiny

Coinbase has suspended its plans to acquire FTX Europe, a move that was aimed at enabling it to enter into the European derivatives market. This turn of events happened as a response to the regulatory challenges in the US crypto market. Coinbase targeted FTX Europe due to its profitable derivatives operations under the Cyprus regulatory license. As the exclusive provider of perpetual futures in Europe, FTX Europe has a substantial share of the region's trading volumes. Its derivatives transactio...
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Content Topics
Coinbase
European
Retreat
Acquisition
Plans
Halted
Amid
Coinbase s
Retreat
Regulatory
Scrutiny
Forex
Posted: Sep 26 2023, 19:10
Author Name: financemagnates
Views: 090873