The crypto market is maturing rapidly as more sophisticated institutional participants enter the space. In fact, in the past few months some of the world’s largest financial institutions have announced their plans to begin trading cryptocurrency.
Coinbase welcomes these developments as they help accelerate the world’s adoption of cryptocurrency by bringing new capital, greater awareness, and additional infrastructure to the space. And on May 15 Coinbase formally launched institutional grade products and services.
- Coinbase Custody
Coinbase Custody is the most secure crypto storage solution available. In partnership with an SEC-regulated broker-dealer, Coinbase Custody offers 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.
- Coinbase Markets
The exchange already offers the deepest pool of liquidity to the largest number of participants in the cryptocurrency space. Coinbase intends to continue developing this electronic marketplace, known as Coinbase Markets, by opening a new engineering office in Chicago.
Coinbase Markets provides a centralized pool of liquidity for all Coinbase products. 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.
- Coinbase Prime
Coinbase Prime is a new platform designed specifically to provide a suite of tools and services that institutional investors rely on when trading cryptocurrency.
This product will fill a missing piece of critical infrastructure needed for institutions. Over the course of the year Coinbase intends to offer lending and margin financing products to qualified clients, high touch and low touch execution services like over-the-counter (OTC) trading and algorithmic orders, and new market data and research products. The exchange will also introduce platform improvements like multi-user permissions and whitelisted withdrawal addresses.
- Institutional Coverage Group
Institutional Coverage Group is a group which is focused exclusively on serving the needs of institutional clients by providing sales, sales trading, research, market operations, and client services support. This group, headquartered in Coinbase’s New York City office, brings years of diverse and relevant institutional experience from firms such as the New York Stock Exchange, Morgan Stanley, and the SEC and CFTC.
«As institutions continue to enter the cryptocurrency market, we are committed to building the products and services that uniquely meet their needs. 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», – wrote Coinbase in its announcement.
