Coinbase sought FTX Europe acquisition after chapter: Report

Crypto trade Coinbase (NASDAQ:) tried to accumulate FTX Europe twice because it filed for chapter in November 2022, hoping to broaden its derivatives enterprise abroad. The corporate, nonetheless, has determined to not go ahead with the deal, Cointelegraph has realized.

In keeping with a report from Fortune, Coinbase explored buying FTX’s European arm on two events, in November 2022 — following its mother or father firm’s dramatic debacle — and in September 2023. A spokesperson for Coinbase confirmed the report:

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