Home Coinbase Coinbase Tries to Catch As much as Overseas-Based mostly Rivals With Transfer Into Derivatives – CoinDesk

Coinbase Tries to Catch As much as Overseas-Based mostly Rivals With Transfer Into Derivatives – CoinDesk

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Derivatives market CME Group may find yourself being a competitor within the U.S. for Coinbase’s crypto derivatives enterprise, in keeping with Owen Lau, a analysis analyst at Oppenheimer. CME instructed Oppenheimer on an earnings name that it has an edge in bitcoin derivatives given its choices throughout many asset courses, its danger administration expertise and its extremely regulated platform. Nonetheless, Coinbase’s buyer base can assist the trade “draw buying and selling quantity and create [a] deep liquidity pool,” famous Lau, who has an outperform ranking on Coinbase’s inventory.

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