It is about to be a year since FTX went bankrupt and shook the market to its core. However, the exchange was not a single entity as it had branched ou
t in different parts of the world. While the bankrupt exchange may not be worth as much to other businesses today, some of its parts certainly do.cryptocurrency
However, Coinbase was not alone in the run, as other firms like Crypto.com and Trek Labs were also interested in acquiring FTX Europe. The deadline for the $400 million exchange is now set for September 24. Derivatives trading stands to be one of the few flourishing markets of the crypto industry despite the present conditions of the space. Thus, exchanges looking to expand their business would be able to generate much higher revenue if they acquired an established derivative trading firm.
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