Coinbase Sought to Acquire FTX Europe Twice Since Bankruptcy, But Walked Away

Coinbase sought to acquire FTX Europe twice since FTX bankruptcy in November 2022.
Goal was to expand Coinbase's derivatives business overseas.
Coinbase decided not to move forward with FTX Europe acquisition.
FTX Europe was appealing target due to its derivatives licenses and products.
Coinbase has been expanding into derivatives like Bitcoin futures in the US.

cointelegraph.com

Relevant topic timeline:

8/23/2023

ChainArgos: Coinbase’s layer 2 solution Base could be violating federal laws

Coinbase may be misrepresenting itself as an exchange and could be violating state money transmitter licenses, according to allegations made by ChainArgos' CEO and General Counsel. The company argues that Coinbase is legally an over-the-counter (OTC) broker rather than an exchange operator, and it may be in violation of its licenses with its Ethereum platform, Base.

9/3/2023

Life Of The Rich And Infamous: Court Filing Reveals Disgraced FTX Execs' Lavishness - Robinhood Markets (NASDAQ:HOOD)

FTX, a prominent cryptocurrency exchange, favored top executives with transactions that enriched them just before its downfall in 2022, according to financial statements presented to the United States Bankruptcy Court for the District of Delaware.

9/18/2023

Base Hits Record Transactions as FTX Sale Proceeds, DOJ Objects to SBF Questions, HIFI Token Surges and Crashes on Binance Listing

Coinbase's layer 2 blockchain Base has achieved a record-high number of daily transactions driven by the decentralized social network platform Friend.tech, while the sale of tokens held by bankrupt exchange FTX will not cause a market shock due to controlled liquidations, according to Coinbase.

9/20/2023

FTX to Limit Crypto Liquidations to $50-100M Per Week, But Holds Over $1B in Major Assets With Solana Locked Until 2025

FTX's upcoming liquidations are unlikely to flood the market, according to Coinbase's head of institutional research, with strict controls in place and a vesting schedule for certain tokens.

9/26/2023

Coinbase Expands to Spain; Bankman-Fried Seeks Release; Dimon Warns of Rate Hikes' Impact on Crypto Crash

Coinbase registers with Spain's central bank for crypto services, FTX founder requests temporary release from jail, and JPMorgan CEO warns of the potential negative impact of rising U.S. interest rates.

9/28/2023

Coinbase Gets Approval to Offer Crypto Perpetual Futures Trading to Retail Customers Overseas

Coinbase International Exchange, the Bermuda-based subsidiary of Coinbase, has received regulatory approval to offer perpetual futures trading to non-US retail customers, providing them access to the derivatives market dominated by institutions.

10/3/2023

SEC Pushes Back Against Coinbase's Motion to Dismiss Lawsuit, Citing Recent Ruling Against Terraform Labs

The U.S. Securities and Exchange Commission (SEC) has asked a judge to reject Coinbase Global's request to dismiss the regulator's lawsuit against the cryptocurrency exchange, arguing that a recent court ruling used by Coinbase in its defense does not apply in this case.