- The Coinbase company considered acquiring FTX Europe, but negotiations did not reach an advanced stage.
- The exchange platform wanted to expand its derivatives business abroad.
- Coinbase is no longer considering a purchase.
Cryptocurrency exchange Coinbase considered acquiring FTX’s European division, Fortune reports citing documents.
According to the agency, the platform’s interest was to expand its derivatives business abroad, but negotiations did not reach an advanced stage.
Previously, cryptocurrency exchange Crypto.com and FTX’s Bahamas division had shown interest in FTX Europe, which is currently under the control of liquidators.
A person familiar with the progress of the negotiations stated that Coinbase is no longer considering the acquisition.
Recall that the company previously evaluated the possible impact of the sale of FTX crypto assets. Coinbase experts believe that the liquidation of the bankrupt platform’s portfolio will not have a significant impact on the market.
