May 15, 2018Samara Malkin
![Coinbase Launches Four New Coinbase Products Aimed at Institutional Investors (1) Coinbase Launches Four New Coinbase Products Aimed at Institutional Investors (1)](https://i0.wp.com/cryptocurrencynews.com/wp-content/uploads/sites/3/2018/05/Coinbase-new-products-e1526404343951.png)
Four new Coinbase products are being launched by the popular exchange with the hopes that they will attract institutional investors into the cryptocurrency market.The four new Coinbase products are designed to solve the biggest issues that institutional investors cite as keeping them from fully entering cryptocurrency, reports CNBC. The products are Coinbase Custody, Coinbase Markets, The Coinbase Institutional Coverage Group, and Coinbase Prime.
Four New Coinbase Products:
Coinbase CustodyThe Coinbase Custody product is looking to solve the issue of security. In the institutional universe, the fiat currency that is stored in banks is insured. However, in the world of cryptocurrency, there is no such guarantee. Lost or stolen crypto funds will likely never be recovered, and this puts institutional investors on edge.Coinbase Custody will act as an SEC-regulated cryptocurrency storage space. Already, Coinbase stores over $20 billion worth of cryptocurrency for its customers - now, Coinbase Custody will be the specific product in charge of this, partnering with an SEC-regulated broker-dealer.Coinbase MarketsCoinbase Markets will be Coinbase's electronic marketplace. It will act as a centralized pool of liquidity for all of Coinbase's products.>> LedgerX Launches Bitcoin Savings Account: HODLers UniteThe Coinbase Institutional Coverage GroupHigh-end institutions, such as banks, expect high-end customer service. That is what The Coinbase Institutional Coverage Group aims to provide. This Coinbase product will be in charge of bringing on new clients.The Coinbase Institutional Coverage Group will also sell the Coinbase service to additional investors who want to start investing in crypto.Coinbase PrimeThe fourth product is an exclusive platform, offering the same services as its regular trading platform, but it is aimed specifically at institutional investors.Coinbase Prime will offer the same cryptos as Coinbase itself, Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC). It will be separate from the regular GDAX exchange, but will still provide access to the same pool of liquidity as one would get using Coinbase.>> Consensus 2018: NYC Blockchain Week Brings in $17 MillionFeatured image: Digital Business
STOCKS YOU MAY LIKE
Exchanges
Binance Donates $1M to Japan Earthquake Relief: You Can Help Too!
Jul 8, 2018Caroline Harris
Binance Donates to Japan Disaster Relief:Japan is prone to natural disasters.Located along the world's most active earthquake belt, the country'sseen everything from earthquakes to mudslides. The latest Japanese natural disaster occurredthis weekend. On the night ... [Read]
Exchanges
Coinbase Announces Launch of Crypto Index Fund – Not Ripple Addition
Mar 6, 2018Samara Malkin
As reported by CNBC's 'Fast Money' in an interview with Coinbase president Asiff Hirji, A Coinbase crypto index fund is going to be launched by the exchange platform. When it was first announced that both ... [Read]
Exchanges
Coinbase Exchange Drains Customer Bank Accounts – Utter Pandemonium Unleashes
Feb 16, 2018Chelsea Roh
You haveonly $2 to your name now and can't afford food or bills? No big deal! Sorry for your loss. Some Coinbase account holders are currently in this position, as a glitch has caused the ... [Read]
Crypto News
Trending Crypto News | May 14 – May 18
May 18, 2018Caroline Harris
The week is over, as is Consensus 2018 and NYC Blockchain Week, so there is a lot to reflect on. Without further adieu, here is this week's trending crypto news! Trending Crypto News | May ... [Read]
Blog
How Trending News Influences Crypto Markets
May 14, 2018Nick Rojas
Back in the 2000s, the only game in town for cryptos was Bitcoin. These days, there are so many coins that newcomers need guides to help them decide which ones to buy. Each crypto has ... [Read]
Exchanges
Bitcoin Exchange Platform Coinbase Becomes #1 Trending iOS App
Nov 27, 2017Jen Jiang
Coinbase has officially become the top trending search in the iOS App Store. Bitcoin was busy breaking records when the American Thanksgiving holiday arrived. Since the weekend, bitcoin price has risen around $1,600. The increase ... [Read]
Ethereum News
Ethereum Traders “Selling the News” During the Merge — Crash Ahead?
Sep 15, 2022Adewumi Victor
As the ETH exchange balance rises, Ethereum traders are banking on a "sell-the-news" scenario on the day of the Merge. On September 15, Ethereum's long-awaited shift to proof-of-stake was accomplished via "the Merge," while traders ... [Read]
Crypto News
Huobi Obtains License to Operate in the British Virgin Islands, States There Is No Timetable for Expansion Into the United Kingdom Yet
Sep 12, 2022Adewumi Victor
Huobi's affiliate Brtuomi Worldwide is one of the first exchanges in the British Overseas Territory to offer compliant crypto derivatives and trading services. In addition, Huobi, a major cryptocurrency exchange, is expanding its worldwide ... [Read]
Crypto News
Starbucks Announces New NFT Utility For Coffee Members
Sep 12, 2022Adewumi Victor
Starbucks The nonfungible tokens, or NFTs, are created on Polygon's proof-of-stake blockchain. Starbucks said on Monday that its U.S. members would be able to earn and purchase digital collectible stamps in the form of nonfungible ... [Read]