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Coinbase CEO on Binance Buying FTX
The firm considered FTX Europe, which went on sale after its parent company declared bankruptcy last fall, due to its �highly profitable�. Over the recent fortnight, FTX and Alameda have jointly moved a variety of tokens into Coinbase, totaling a value of $ million. This. Tap or click the "Swap" icon in the Assets tab, then select "Choose asset" and pick FTX Token. Input the amount of ETH you'd like to exchange for FTX Token.

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Derivatives, which are financial contracts that derive their value from an underlying asset such as bitcoin BTC , can be lucrative for both traders and the exchanges that serve them. Elizabeth Napolitano is a news reporter at CoinDesk. VIDEO Click here for Fortune's Crypto Crash Course. However, the longer-term concern, according to JPMorgan, is that fewer people will need Coinbase accounts, leading to pricing pressure.