Coinbase Announces New Products and Chicago Office to Serve Institutions Better

Coinbase Custody

Coinbase Announces New Products and Chicago Office to Serve Institutions Better

During the coming months, Coinbase will be offering "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" as well as platform improvements such as "multi-user permissions and whitelisted withdrawal addresses". This marketplace will be managed from a new office that is to be opened in Chicago. Partners of this initiative include Metastable, Polychain Capital and Walden Bridge Capital, among others. Exchange's vice president and general manager, Adam White, in an interview with CNBC said that the company feels it can now generate at least $10 billion in institutional investments. 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.

Recently, a huge number of hedge funds revealed their plans to go in for crypto trading and investing which is an evidence of growing attention to the crypto sphere from the side of institutions and financial services companies. 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.

Coinbase Markets is another feature that will create a centralized liquidity pool for all the products on the platform of Coinbase.

"As institutions continue to enter the cryptocurrency market, we are committed to building the products and services that uniquely meet their needs".

Coinbase Markets

The Coinbase Custody will be a secure option for crypto storage that will be completely compliant with the U.S. legislation. Over the course of the year, Coinbase will be introducing new features such as "low latency performance, on-premise datacenter colocation services, institutional connectivity and access, and settlement and clearing services".

At Coinbase, we welcome these developments as they help accelerate the world's adoption of cryptocurrency by bringing new capital, greater awareness, and additional infrastructure to the space.

This is a major upgrade to Coinbase's product lineup, which has so far been mostly oriented toward individual investors. The custodial services will enable users to store large amounts of digital currencies whereas the enhanced trading capabilities including margin trading and risk management will allow the customers to use borrowed money. The Institutional Coverage Group will be focusing on providing best services to its institutional clients by providing sales, trading, research, market operations, and support service to its clients. That is what The Coinbase Institutional Coverage Group aims to provide.

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

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