Coinbase VP Hopes to Lure Institutional Investors With New Crypto Products

Four New Coinbase Products

Four New Coinbase Products

The exchange has launched Coinbase Prime, a new platform meant to provide a suite of tools and services to institutional investors who are specifically trading cryptocurrency.

"We have leveraged our experience safely storing more than $20 billion of cryptocurrency to create Coinbase Custody, the most secure crypto storage solution available", the firm said today.

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.

Another unique product launched alongside Coinbase Markets and Coinbase Custody is the new Coinbase Prime solution. It will launch a cryptocurrency custodian in partnership with an SEC-regulated broker-dealer to a group of initial clients that include 1confirmation, Autonomous Partners, Boost VC, Meta Stable, Multicoin Capital, Polychain Capital, Scalar Capital and Walden Bridge Capital. Engineers who share the vision and passion of Coinbase to create an open financial system for the world will be brought on board. It will have security and third party auditing and financial reporting validation at the standards of the American SEC. There is a problem, there are very few regulated platforms, and they do not facilitate services for enterprises, hedge funds, or other important institutions. This movement requires institutional grade products and services, something Coinbase has been developing with leading institutions and which we are proud to formally launch today. Additionally, Coinbase feels that these products will help increase awareness and adoption by mainstream investors in the cryptocurrency market.

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. The company hopes to introduce new features including low latency performance, on-premise data center colocation services, institutional connectivity and access, and settlement and clearing services. Note that individual investors should use Coinbase's trading platform GDAX; Prime is for institutions and professionals only. Coinbase Prime will promote implementation of cryptocurrency worldwide via giving institutions an opportunity to get closer to this asset class. To learn more or sign up as an institution, please visit Coinbase Prime.

"Thank you coinbase for helping large institutional investors invest!"
The Coinbase Institutional Coverage group is focused exclusively on serving the needs of institutional clients by providing sales, sales trading, research, market operations and client services support.

High-end institutions, such as banks, expect high-end customer service.

The last announcement made by Coinbase is regarding its Institutional Coverage Group, headquartered in the NY office.

Recommended News

  • Amazon Announces New Blockchain Partnership

    Amazon Announces New Blockchain Partnership

    The company has also invested in building AWS-specific training facilities, where its employees can ramp up on AWS technologies. Lubin pointed that companies are deploying blockchain massively due to its impacts on their services.
    Disruption in internal body clock can put your mental health at risk

    Disruption in internal body clock can put your mental health at risk

    For the study , researchers measured body clock disruption on 91, 000 middle aged people using wearable monitors. Now it's not clear whether the sleep problems cause the mental health issues-or maybe it's the other way around.
    How to watch the royal wedding - if you haven't got a ticket

    How to watch the royal wedding - if you haven't got a ticket

    His late mother's presence will be felt at the wedding, as Harry told the BBC Meghan and his mother would have been great friends. The royal family are now paying for the ceremony and reception, with taxpayers picking up the tab for policing and security.
  • Rutgers programs recognized by NCAA for academic performance

    Rutgers programs recognized by NCAA for academic performance

    The actual April for each Division I team will be released May 23. Of the 64-team women's tournament, Gonzaga was one of 15 honored. The nine recognitions for women's golf is a program record.
    Google rolls back Chrome update after breaking browser games

    Google rolls back Chrome update after breaking browser games

    Google has made it clear that this is a temporary change and that it has been made to give developers time to change their code. To correct that, Google said Tuesday it's temporarily removing the autoplay policy for the Web Audio API from Chrome 66 .
    TI Arrested For Disorderly Conduct, Public Drunkenness

    TI Arrested For Disorderly Conduct, Public Drunkenness

    He says the guard continued to refuse entry "without justification" before words were exchanged and police were called. The Washington Post left a message with Henry County Police Deputy Mike Ireland seeking more information.
  • 'There will be NO wagering' . Not so fast ..

    'There will be NO wagering' . Not so fast ..

    The ruling also left open the possibility of Congress banning sports gambling nationwide, it just can't require states to do it. Others will follow suit, and before long, states that don't allow sports betting will be in the distinct minority.
    Nigerian Senate Passes N9.12trn 2018 Budget

    Nigerian Senate Passes N9.12trn 2018 Budget

    The Nigerian Senate on Tuesday finally laid the 2018 appropriation bill after postponing it in the past two different times. Trend analysis reveals that the National Assembly often increases the budget estimates given by the executive.
    Yates secures second stage win to extend Giro d'Italia race lead

    Yates secures second stage win to extend Giro d'Italia race lead

    The owner of the pink jerseys Simon Yates continues to dominate the mountain finishes in the Giro-2018. Chaves's time loss could work for Yates as the Colombian will now be exclusively a domestique for him.
  • CBS adds revival of 'Murphy Brown' and new take on 'Magnum PI'

    CBS adds revival of 'Murphy Brown' and new take on 'Magnum PI'

    Executive producer Dick Wolf's new crime drama is set in NY and stars Jeremy Sisto, Zeeko Zaki, Missy Peregrym and Connie Nielsen. Bergen will also be joined on the revival by original stars Faith Ford, Joe Regalbuto and Grant Shaud .
    Texas football to play Alabama in home-and-home series in 2022

    Texas football to play Alabama in home-and-home series in 2022

    Texas and Ohio State, originally scheduled to meet in 2022-23, have mutually agreed to reschedule for the 2025-26 seasons. There's no telling what the Knights will be in five years, but obviously the team went undefeated this year.
    UEFA raises doubts on $25 billion FIFA deal

    UEFA raises doubts on $25 billion FIFA deal

    The Times is reporting that the first tournament could take place in 2021 with China said to be keen to host the competition. The Swiss-born Italian is looking to call an emergency FIFA Council meeting for around June 1.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.