Coinbase is luring Wall Street with new cryptocurrency investment tools

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The Coinbase Prime solution powered in collaboration with Coinbase Markets and Coinbase Custody exclusively developed and created to "provide essential tools and services that allow institutional investors trading in cryptocurrency", it will also offer both lending and margin financing products, OTC trading, algorithmic trading, market data, and research products to qualified clients, as per the sources.

The cryptocurrency market is expanding every day with new developments popping up from time to time. "Our new partnership will set the required standards that will bring peace of mind to digital asset investors, and provide tools and products to enable better integration with more traditional investment vehicles such as mutual funds".

Initial clients include Boost VC, Meta Stable, Multicoin Capital, Polychain Capital, Autonomous Partners, Scalar Capital, 1confirmation and Walden Bridge Capital.

According to a report in the Wall Street Journal, Adam White, the General Manager at Coinbase, told them in an interview that Coinbase would ensure that HFT firms would not receive any unfair advantages: "We are going to be thoughtful and deliberate in the way we do that, to make sure we don't disadvantage any market participant over another". All the new products were developed with an aim to satisfy investors' needs in crypto trading and investing. As a result, the product combines Coinbase's cryptocurrency security experience with third-party auditing and financial reporting validation, thus meeting the requirements of any other SEC-regulated broker dealer. There is a problem, there are very few regulated platforms, and they do not facilitate services for enterprises, hedge funds, or other important institutions. And based on what Coinbase has just announced, Coinbase Custody should be a pretty good answer to this problem.

Coinbase Markets will be an electronic marketplace that will be run from Chicago and will provide customers with a centralized source of liquidity for all investors. He also said that the Chicago is an ideal location to position for the newest Coinbase office and he believes that their investments will continue to place the city as the center for technological innovation.

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Coinbase Markets will open an engineering office in Chicago and will introduce features such as low-latency performance, on-premise data colocation services, and settlement and clearing services.

Coinbase Prime will accelerate adoption of cryptocurrency worldwide by helping institutions everywhere participate in this emerging asset class.

The new institutional product offerings will include Coinbase Custody and Coinbase Prime, as well as improvements to the company's Coinbase Markets product.

This service is only available to institutional investors with a minimum of $10M in deposits.

But Coinbase wants to satisfy institutions needs not only in high quality products but also in high quality services. To learn more or sign up as an institution, please visit Coinbase Prime.

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