{"id":58841,"date":"2022-03-16T16:12:51","date_gmt":"2022-03-16T14:12:51","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=58841"},"modified":"2025-09-04T18:50:41","modified_gmt":"2025-09-04T15:50:41","slug":"coinbase-outlines-plans-to-develop-its-derivatives-division","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/coinbase-outlines-plans-to-develop-its-derivatives-division\/","title":{"rendered":"Coinbase outlines plans to develop its derivatives division"},"content":{"rendered":"<p>Representatives of the bitcoin exchange Coinbase attended an international futures industry conference in Boca Raton, Florida, United States. During the event they outlined the strategy for developing its derivatives-focused division, <a href=\"https:\/\/www.theblockcrypto.com\/post\/137953\/coinbase-outlines-the-path-ahead-for-its-planned-derivatives-offering\">The Block<\/a> reports.<\/p>\n<p>Among the speakers were Vishal Gupta, the exchange&#8217;s head, and Neil Brady, co-founder of FairX, who is now Coinbase&#8217;s senior director of product. The latter led the rebranding <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-to-acquire-fairx-a-regulated-crypto-derivatives-platform\">acquired<\/a> in January 2022 of the regulated <span data-descr=\"U.S. Commodity Futures Trading Commission\" class=\"old_tooltip\">CFTC<\/span> platform. It will be named Coinbase Derivatives.<\/p>\n<p>During the presentation, the company outlined three key directions:<\/p>\n<ul class=\"wp-block-list\">\n<li>Creating a futures intermediary (<a href=\"https:\/\/www.marketswiki.com\/wiki\/Futures_Commission_Merchant\">Futures Commission Merchant, FCM<\/a>). In September 2021 Coinbase <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-files-application-to-register-as-a-futures-commission-merchant\">sent<\/a> an application for registration with the <span data-descr=\"National Futures Association\" class=\"old_tooltip\">NFA<\/span>. As of writing, it had not yet been approved.<\/li>\n<li>Creation of a Designated Contract Market (<a href=\"https:\/\/www.marketswiki.com\/wiki\/Designated_Contract_Market\">Designated Contract Market, DCM<\/a>). For this purpose Coinbase Derivatives would be positioned as \u201can advanced low-latency trading platform with participants in the form of large retail brokers and market makers.\u201d<\/li>\n<li>Connecting to Deutsche B\u00f6rse Group&#8217;s derivatives-clearing organisation Normal Clear. In November 2020, this organisation received CFTC approval.<\/li>\n<\/ul>\n<p>Representatives said they were in talks about linking Coinbase Derivatives to brokers, market makers, and futures intermediaries.<\/p>\n<p>The exchange expects approval from the CFTC for a broad product lineup. The presentation states that the tools will meet the needs of both institutional and retail clients. At present the platform offers the launched FairX products.<\/p>\n<p>As reported in August 2021, FTX.US <a href=\"https:\/\/u1f987.com\/en\/news\/ftx-us-acquires-ledgerx-a-cryptocurrency-derivatives-exchange\">acquired<\/a> the cryptocurrency derivatives exchange LedgerX with a DCM license.<\/p>\n<p>In December, Crypto.com <a href=\"https:\/\/u1f987.com\/en\/news\/crypto-com-to-acquire-two-u-s-derivative-exchanges-for-216-million\">signed an agreement<\/a> to acquire Nadex, the CFTC-regulated crypto derivatives exchange.<\/p>\n<p> Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 all the news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Representatives of the Coinbase bitcoin exchange attended an international futures industry conference in Boca Raton, Florida, United States. During the event they outlined the strategy for developing its derivatives-focused division, The Block reports.<\/p>\n","protected":false},"author":1,"featured_media":58842,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[138,1168,26],"class_list":["post-58841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinbase","tag-crypto-derivatives","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=58841"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58841\/revisions"}],"predecessor-version":[{"id":58843,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58841\/revisions\/58843"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/58842"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=58841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=58841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=58841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}