Cryptocurrencies
Coinbase Expands Prime Brokerage Services to Institutional Users
- Prime unit to wrap custody, trading, data analysis options
- Majority of the crypto exchange’s revenue comes from retail
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Coinbase Global Inc. said it will expand its offering of prime brokerage services for institutional customers with a unit that ties together custody, trading, data analytics and other amenities.
Coinbase Prime will provide institutional clients access to pricing on 12 different regulated exchanges, including Coinbase, according to a statement Tuesday. The unit is seeking to function as an umbrella of services ranging from smart-order routing to detailed trade cost analysis reports and concierge support from account management and trading teams.