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HomeCryptocurrencyCoinbase wins Greatest Prime Dealer Award | by Coinbase | Jul, 2022

Coinbase wins Greatest Prime Dealer Award | by Coinbase | Jul, 2022


by Brett Tejpaul, Head of Coinbase Institutional, and Elke Karskens, Head of EMEA Advertising

We not too long ago received the Greatest Prime Dealer Award in Hedgeweek’s annual European Digital Property Awards. This success not solely underlines the energy of our platform and our integral position inside the cryptoeconomy, significantly by way of additional enabling institutional engagement, but in addition celebrates the unimaginable abilities of our wonderful group right here at Coinbase.

Over the previous three years now we have seen widespread adoption of cryptocurrencies the world over. Coinbase now has over 13,000 institutional purchasers as of March 2022, together with a variety of banks, introducing brokers, pension funds, corporates, hedge funds and asset managers.

Elevated adoption of crypto belongings by institutional buyers follows the broader pattern of the asset class turning into extra mainstream, underpinned by a perception within the vary of advantages that may be unlocked.

The biggest and most subtle hedge funds on this planet have collectively determined that Coinbase affords the most effective crypto Prime Dealer platform due to its in depth product suite and depth of expertise within the sector. Our purchasers belief us as the most important crypto custodian that additionally combines multi-venue execution capabilities with a powerful stability sheet to allow prime financing. Most purchasers additionally make the most of our full suite of providers that’s accomplished by finest in school knowledge and analytics and staking immediately from chilly storage. The robustness of our operations is strengthened by our itemizing on NASDAQ and validated by the actual fact we’re authorised and controlled by the New York Division of Monetary Providers.

As a market chief we are going to proceed to work with people and different stakeholders within the wider monetary and political world to form coverage to create a safer and extra environment friendly monetary system that’s accessible to all.

We wish to take this chance to publicly thank Coinbase’s whole institutional group for his or her onerous work and dedication by an ever-shifting macro surroundings. We’re simply as passionate and hungry as we’ve all the time been, and can proceed to cement our place because the main prime dealer and digital asset custodian supporting establishments of every kind of their engagement with the world of cryptocurrency.

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