Coinbase revealed new details about its planned derivatives business during an event in Florida on Tuesday.
The presentation at FIA Boca, a futures industry conference, came months after Coinbase announced its planned acquisition of FairX, a CFTC-regulated derivatives exchange.
Appearing before the audience of traditional finance professionals were Vishal Gupta, Coinbase’s head of exchange, and Neal Brady, FairX’s co-founder and now a senior product director at Coinbase.
Brady is also leading the rebranded FairX, now known as Coinbase Derivatives.
During the presentation, the company outlined the three major aspects of its derivatives business.
The first is its planned futures commission merchant, dubbed Coinbase FCM. Last fall, Coinbase applied for membership in the National Futures Association, the premier US self-regulatory organization for such businesses. Coinbase’s membership is still pending, per the NFA’s website.
The second is Coinbase DCM, which is where the now
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