Coinbase mulled buying FTX Europe post-bankruptcy: report

Quick Take

  • Coinbase considered acquiring FTX Europe following the exchange’s November 2022 bankruptcy, according to Fortune, which cites documents the publication viewed.

In the aftermath of FTX's bankruptcy in November of last year, rival U.S.-based exchange Coinbase considered acquiring the failed company's European unit, according to Fortune.

Documents show that Coinbase mulled buying FTX Europe as it explored expanding its crypto derivatives offerings, said the report. Talks never advanced to a "late stage," the report also said.

While Coinbase is "no longer pursuing the potential deal," the U.S.-based exchange continued to express interest in an acquisition sometime during this month, said Fortune.

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