Coinbase rises 4.2%, after ann

2021-05-25

Coinbase rises 4.2%, after announcing prime brokerage services expansion to institutions

After Coinbase Global Inc. announces 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, shares rise 4.2%.

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.

Coinbase had more than 8,000 institutional clients with about $122 billion in assets on the platform at the end of March.

Recently, Cathie Wood's Ark Invest bought more than $90 million of Coinbase amid the bitcoin rout over last week.

Source: Bloomberg

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Comments

Felixsxl
2021-05-28
Felixsxl
Awesome
WarSlasher
2021-08-10
WarSlasher
up 420% pls
henghm
2021-07-28
henghm
like and comment

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