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Coinbase expands crypto prime brokerage offering for institutional market
As reported by CoinDesk, Coinbase Institutional strategy head John D’Agostino says the company now meets the traditional definition of a full-service prime broker in crypto after adding cross-margining between spot and derivatives positions in March. He says the Wall Street checklist includes trading, custody, financing, derivatives and cross-margining, with staking adding an extra layer for digital assets. D’Agostino says crypto funds have typically assembled those functions through multiple providers, using one firm for custody, another for derivatives and others for financing. He says Coinbase now provides ... (full story)