Culture

Coinbase Introduces Several New Tools for Institutional Investors

Coinbase Introduces Several New Tools for Institutional Investors”

"There is clear demand from institutional clients and financial services professionals for more specific solutions with regard to cryptocurrencies that address their sophisticated needs".

Coinbase has also announced its plan to launch Coinbase Prime, a new platform built specifically to provide tools and services to institutional investors looking to trade cryptocurrency.

First announced previous year, Coinbase Custody is a crypto storage service directed specifically at large financial institutions, as previously reported by CoinDesk. Coinbase is planning to improve this service by opening an engineering office in Chicago.

He writes, "In partnership with an SEC-regulated broker-dealer, Coinbase Custody is proud to offer a service that couples Coinbase's cryptocurrency security excellence with third-party auditing and financial reporting validation that operates at the high standard of an SEC-regulated, custodial broker-dealer". 'Over the course of the year, Coinbase Markets will introduce new features like low latency performance, on-premise datacenter colocation services, institutional connectivity and access, and settlement and clearing services.

Earlier today, San Francisco-based digital currency exchange Coinbase announced four major products geared entirely towards facilitating and encouraging institutional investment - signaling that the herd is indeed on its way. In a press release announcing the news, the company also confirmed the addition of a new Chicago office tasked with enhancing the development of the Coinbase Markets product offering. Coinbase Prime will be offering lending and margin financial products, Over the Counter [OTC] trading, and algorithmic orders along with the recent market data and research products. Coinbase Prime will promote implementation of cryptocurrency worldwide via giving institutions an opportunity to get closer to this asset class.

Coinbase is also introducing an institutional coverage group, which will offer customer, market, sales and research services to guide exchange users.

This is a brand new online interface to Coinbase's trading platform.

Given the recent interest in blockchain and cryptocurrency from giants like NASDAQ, The New York Stock Exchange, Goldman Sachs, and JP Morgan, it is hardly surprising that Coinbase is seeking to diversify its streams of revenue by catering to Wall Street. The basic idea is to guide these investors through the onboading process and provide them with any help they need (for example, advising them on trading strategies) for navigating "the increasingly complex world of cryptocurrency investing". It will provide a variety of tools and services created to meet the trading needs of the institutional investor. We believe our suite of products and dedicated Institutional Coverage group will accelerate the rate of institutional adoption and create a more mature and diverse market.

"Thank you coinbase for helping large institutional investors invest!"



Like this

loading...
loading...

Latest


16 May 2018
John Beilein, Michigan close to contract extension
He's under contract though 2021, but Manuel said a new extension is in the works. Manuel said Tuesday he supported Harbaugh.

16 May 2018
Broker's Roundup on W&T Offshore (WTI)
This article presents updated analysis story and can support yours research about W&T Offshore , Inc. ( WTI ) is at 80.85. W&T Offshore, Inc. (WTI ) have shown a high EPS growth of 7.10% in the last 5 years and has earnings rose of 151.80% yoy.

16 May 2018
West Bengal panchayat elections: Repoll ordered in 568 booths
Opposition parties have accused the TMC of unleashing "a reign of terror and destroying democracy". He said people were bullied and weren't even allowed to file nominations.

16 May 2018
Judge: Mueller can prosecute Manafort
Manafort joined the Trump campaign in March 2016 and resigned that August amid news reports about his activities in Ukraine. Kevin Downing, Manafort's lawyer, didn't immediately respond to a request for comment on the ruling.

16 May 2018
Greitens invasion of privacy case dismissed, Gardner seeking special prosecutor
The Missouri House of Representatives and Senate also is set to hold a monthlong special session to consider impeaching Greitens. But Greitens' attorneys said the case was crumbling under a lack of evidence and doubted any charge would ever be refiled.

16 May 2018
FWD plans joint venture in Shanghai as China relaxes regulation
The move follows an earlier report that Tesla would unveil the location of a new Chinese "Gigafactory" as early as next quarter. Presently, foreign new-energy vehicle makers are subject to a 50 per cent ownership cap in their mainland joint ventures.

16 May 2018
Avis Budget Group (CAR) Short Interest Down 23.0% in April
The Return on Assets for Avis Budget Group, Inc. (NASDAQ:CAR) for 8,190 shares. (CAR) stock closed at $43.4 by scoring 0.00%. The stock of Xerox Corporation (NYSE:XRX) earned "Underweight" rating by Barclays Capital on Wednesday, October 14.

16 May 2018
Recent Price Move of Shares: JC Penney Company, Inc. (JCP)
The encounter between the two leaders would mark the first-ever meeting between a USA president and a North Korean leader. When the price rises above the moving average, it indicates that investors are becoming bullish on the commodity.

16 May 2018
Parents of Students Killed in Parkland Shooting Will Run for School Board
The Broward County school district is the sixth largest in the nation and the second largest in Florida. Alyssa Alhadeff and Alaina Petty both died in the Valentine's Day shooting.

16 May 2018
Anne Frank's dirty jokes revealed
Two new pages from Anne Frank's diary have been published, containing a handful of dirty jokes and her thoughts on sex. Reflections of tourists and canal houses are seen in the window of the Anne Frank museum in Amsterdam April 24, 2013.