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Coinbase bets on derivatives product to offset weakness in spot-trading business

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fnlondon.com

Coinbase Global just launched a derivatives product, its latest attempt to move into a new field and offset weakness in its core spot-trading business.

It has a lot of competition.The largest US-based crypto exchange acquired a US-regulated derivatives exchange called FairX in February for $330m, according to research firm PitchBook.

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