Coinbase’s desire to expand its derivatives business, which never reached a late stage.

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The U.S. crypto exchange that’s seeking to expand globally amid the regulatory crackdown.

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FTX Europe, like other European exchanges, offered a range of derivatives products.

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Trek Labs have also expressed interest in FTX Europe, the publication reported.

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Bitcoin (BTC), can be lucrative for both traders and the exchanges that serve them.

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Derivatives, which are financial contracts that derive their value from an underlying asset.

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Due to its “highly profitable” derivatives business and growing customer base.

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The firm considered FTX Europe, which went on sale after its parent company.

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