Stock trading and investing apps are gaining popularity in the highly competitive stock market in the USA. Robinhood, Fidelity, and TD Ameritrade like trading...

Bitcoin has been on a wild ride over the last decade, with its value fluctuating from less than a penny to almost $65,000. However,...

It’s like any other day for John. He is sitting in his living room, sipping that morning coffee, when his phone announces a notification...

Are you an investor or trader looking to take your trading and investing skills to the next level? If so, it’s time to...

IBM (IBM) 4.5IBM has established itself as a major player in the enterprise blockchain solutions space.Read our review J.P. Morgan (JPM) 4.5J.P. Morgan is the...

SINGAPORE, Jan 4, 2023 - (ACN Newswire) - ShareInvestor Pte Ltd, Singapore's largest independent platform for investor relations, market data tools and investor education, today announced its merger...

With advancements in technology and the right product design, retirement plans can certainly be designed for business owners.

The post Penelope makes retirement plans intuitive for the smallest businesses appeared first on LendIt Fintech News.

Fir Tree, which manages $4 billion in assets, reckons Tether is backed by watery Chinese commercial paper tied to troubled real estate plays.

The post Hedge fund shorts Tether, expects it to collapse in the next year appeared first on Protos.

Exohood, a Decentralized Autonomous Organization, is building a new online financial platform by the end of the year. “ExoArato” is the application’s name, which will support payments and access to savings accounts, cryptocurrency, stocks in ETF securities listed on the NYSE and Nasdaq. Exohood will establish the base of operations in Estonia and registered license for financial […]

Leading crypto exchange Coinbase announced the acquisition of FairX, a derivatives exchange regulated by the Commodity Futures Trading Commission (CFTC).

The post Coinbase acquires FairX to offer crypto derivatives trading in the US appeared first on CryptoSlate.

The US-based cryptocurrency exchange Coinbase has announced the acquisition of FairX, a CFTC-regulated derivatives exchange. According to the official announcement, the acquisition ‘is an important step toward Coinbase ultimately making the derivatives market accessible’ to its millions of customers in the United States. FairX is the operating name of LMX Labs, LLC, which received approval as a designated contract market (DCM) under the Commodity Futures and Trading Commission in (CFTC) November 20202. Launched in May 2021, the trading platform has already secured brokerage partnerships with industry leaders like TD Ameritrade and E*Trade, ABN AMRO, Wedbush, Virtu Financial. Coinbase will be initially looking to offer regulated crypto derivatives to market through the FairX existing partner ecosystem. The acquisition is set to close in the first quarter of 2022 with terms of the agreement not disclosed. “Over time, we plan to leverage FairX’s infrastructure to offer crypto derivatives to all Coinbase customers in the US. We want to make the derivatives market more approachable for our millions of retail customers by delivering an easy-to-use user experience that Coinbase is known for,” the announcement post read. Over the past seven days, crypto derivatives accounted for $137 billion in 24-hour trading volume over the past day according to CoinGecko. In the same period, spot trading volume across crypto exchanges accounted for $55 billion. This is not the first time a US-based crypto exchange has looked towards the derivatives market. In August, FTX.US, bought LedgerX, another derivatives trading platform regulated by the CFTC. Similarly, last month, Singapore-based Crypto.com announced the purchase of the North American Derivatives Exchange, revealing its entry into the US crypto derivatives market.

The post Coinbase Enters Derivatives Market Following Acquisition of FairX appeared first on Cryptoknowmics-Crypto News and Media Platform.

The tech boom of the 21st century has brought with it a number of exciting changes to the way we as a society, and...