Coinbase Steps Back from FTX Europe Acquisition
After the bankruptcy of FTX in 2022, Coinbase expressed interest in acquiring its subsidiary, FTX Europe, with the intention of bolstering their global cryptocurrency derivatives footprint. This consideration was rekindled in September 2023, as reported by Fortune.
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Similarly, Crypto.com is also considering FTX Europe as a potential acquisition target.
Yet a person close to the matter confirmed that Coinbase is no longer pursuing the deal.
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