The largest cryptocurrency exchange in the US has partnered with institutional grade full-stack digital currency trading platform Caspian to help boost institutional participation in the crypto market. This new partnership will help users build their investment portfolios on Caspian’s robust platform, designed exclusively for large investors and professional traders.
Caspian Will Now Be Available on Coinbase Prime
Coinbase recently bifurcated its trading product and created a separate platform for professional and big-money investors called Coinbase Prime. Caspian’s full-stack, institutional grade digital currency trading and portfolio management functionality will now be integrated with Coinbase Prime. This will provide an efficient, highly reliant platform for Coinbase users who will receive additional sophisticated trading and portfolio tools from Caspian.
The partnership with Caspian builds on Coinbase’s full range of institutional products including, Coinbase Custody, Coinbase Prime, and its Institutional Coverage Group.
Caspian CEO Robert Dykes shared his enthusiasm about working with Coinbase, saying:
“We’re delighted to cement this important partnership with Coinbase, which will see one of the world’s leading digital currency trading venues join forces with one of the most exciting emerging crypto platforms.”
He said that Caspian intends to make trading frictionless for professionals and large investors to help them manage their portfolios better and encourage exponential growth in the sector. He also said that Coinbase shares this vision.
Caspian Takes a Giant Leap
Caspian, a joint venture between Kenetic and Tora, is designed specifically for institutional investors. It handles order placement, execution, and compliance for the traders while meeting all the regulatory and operational needs of the users. It currently has 25 partnerships with major cryptocurrency platforms around the world, including Bitfinex, BitMex, Gemini, Poloniex, OKEx, Huobi, Binance, and BitFlyer.
A partnership with Coinbase is another big step bringing more users to its platform. Coinbase is currently operated in over 33 countries and has several products for both institutional and retail investors. It is also a very user-friendly platform revered around the world for its beautiful design, simple trading methods and security. Coinbase also recognizes the opportunity to appeal to a growing number of professional traders.
Kayvon Pirestani, Director of Institutional Sales at Coinbase, said:
“Customers will be able to take advantage of the best elements of both platforms — accessing Coinbase’s extensive historical market data and deep pool of liquidity and combined with Caspian’s suite of seamless trading tools. We see this partnership as not only a tremendous commercial opportunity but as a chance to truly move forward the institutional adoption of crypto as a mature, tradable asset class.”