Coinbase Launches Four New Products for Institutional Investors
Coinbase Launches Four New Products for Institutional Investors
Coinbase Announces 4 New Products for Institutional Investors by Adam James
17 May, 2018, 04:11
Specifically created to " provide a suite of tools and services that institutional investors rely on when trading cryptocurrency", Coinbase Prime will offer both lending and margin financing products, OTC trading, algorithmic trading, market data, and research products to qualified clients.
Coinbase is launching a new suite of tools tailored for high-end investment opportunities in cryptocurrency.
Another new offering is Coinbase Custody, a custodian in partnership with a broker-dealer that is regulated by the US Securities and Exchange Commission (SEC). Essentially, what Coinbase will be doing via this office is upgrading its systems so that it can become one of the first crypto exchanges that supports high frequency trading (HFT).
If institutional investors take the bait - and judging by announcements from banking giants such as Goldman Sachs, they will - Coinbase's new tools will clear the path for an even larger outpouring of money into cryptocurrencies. Lost or stolen crypto funds will likely never be recovered, and this puts institutional investors on edge. The company said it's holding more than $20 billion in digital assets, and custodial services will be available to investors with at least $10 million in deposits.
"We really pride ourselves on being the most trusted, the most secure venue, within the cryptocurrency space", said Eric Scro, Coinbase's vice president of finance.
"At Coinbase, we welcome these developments as they help accelerate the world's adoption of cryptocurrency by bringing new capital, greater awareness, and additional infrastructure to the space", White wrote. Coinbase Markets will provide a centralized pool of liquidity for all Coinbase products as well as deliver a range of new features including latency performance, institutional connectivity and access, on-premise datacenter colocation services, as well as settlement and clearing services.
The company's launch partners include 1confirmation, Autonomous Partners, Boost VC, MetaStable, Multicoin Capital, Polychain Capital, Scalar Capital and Walden Bridge Capital.
Coinbase Custody focuses on addressing the topmost concern that institutional investors have regarding cryptos - security. It will have its base in the NY office of Coinbase having a pool of expert employees with an enormous experience in the leading stock exchanges.
Coinbase is known for providing a large pool of liquidity for all Coinbase products, and this is to be continued with the introduction of Coinbase Markets. The Institutional Coverage group will cater to requirements institutional clients by offering sales, sales trading, research, market operations, and client services support. Note that individual investors should use Coinbase's trading platform GDAX; Prime is for institutions and professionals only.
The Coinbase Institutional Coverage Group is a product created to offer sales, trading, research, market ops as well as client services support to institutional investors.
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