Odaily Planet Daily News Coinbase has considered acquiring FTX Europe to expand its overseas derivatives business. Following FTX’s bankruptcy in November 2022 and as recently as early September 2023, one of the exchange’s European executives inquired about the possibility of an acquisition. Coinbase is no longer considering the potential deal, according to a person familiar with the matter. Previously, Crypto.com and FTX FDM were both interested in acquiring FTX Europe. According to FTX Europe financial data provided by Fortune magazine, the platform continued to add tens of thousands of users until its parent company went bankrupt.
Although FTX Europe has attracted interest from major cryptocurrency companies in recent months, the Debtors Asset Committee believes an acquisition is not feasible. “The FTX Debtors’ professional advisors have concluded that a sale is not a possibility,” a spokesperson said in a statement shared with Fortune in July. (Fortune)