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Derivatives, that are monetary contracts that derive their worth from an underlying asset resembling bitcoin (BTC), may be profitable for each merchants and the exchanges that serve them. FTX Europe, like different European exchanges, provided a spread of derivatives merchandise, however it additionally was the one agency with a license to supply perpetual futures, a extremely common derivatives providing, in that area. It is these licenses which have attracted consideration from a number of potential patrons, in response to Fortune. Crypto alternate Crypto.com and Trek Labs have additionally expressed curiosity in FTX Europe, the publication reported.
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