Coinbase Prime is designed to provide sophisticated and institutional investors with advanced trading, data analysis and custody services.
Coinbase Institutional unveiled a new offering for the institutional market yesterday with the launch of the beta version of Coinbase Prime. The fully integrated prime brokerage solution operates independently of the Coinbase exchange and includes industry-leading custody services, world-class service offerings, data analytics, and access to advanced trading features.
Coinbase Institutional is the product range for institutions and professional investors looking to invest in digital assets. At the end of March 2021, the platform had $ 122 billion in assets and more than 8,000 customers.
With its robust services, Coinbase Institutional aims to provide a high level of security, liquidity and performance, while Coinbase Custody provides custody solutions for over 100 assets across 15 different blockchains.
Over the past six months, cryptocurrencies have become more and more mainstream. Leading investors are beginning to seriously engage with it, and many have already included it in their portfolios. Companies are also increasingly interested in adding cryptocurrencies to their balance sheets, especially companies such as MicroStrategy and Meitu.
Coinbase Prime is to meet this new demand with the necessary tools and services. Based on the feedback from hundreds of clients, Coinbase Prime aims to provide institutions with the most trusted, intuitive and seamless solution to manage their crypto assets.
As part of its commitment to the institutional space, Coinbase has acquired companies such as Tagomi, Xapo and Skew in recent years. Coinbase Prime provides access to complex trading features, tools and reporting to meet the needs of advanced traders.
Features of the new offering include access to more than 10 trading venues for extensive liquidity, smart order routing and advanced algorithms designed to minimize market impact and slippage. Assets can be seamlessly between separate Cold Storage and the balance of trade, where the access to krypton native features such as Staking and Governance is possible.
Clients also gain visibility through detailed trade cost analysis reports, concierge support from the Coinbase trading team, reporting and account management.
Products like Coinbase Prime are part of the recent trend of adoption of cryptocurrencies by institutional investors, creating the necessary infrastructure to bring cryptos into the mainstream.