by Brett Tejpaul, Head of Coinbase Institutional, and Elke Karskens, Head of EMEA Advertising
We just lately received the Finest Prime Dealer Award in Hedgeweek’s annual European Digital Property Awards. This success not solely underlines the energy of our platform and our integral function throughout the cryptoeconomy, significantly when it comes to additional enabling institutional engagement, but additionally celebrates the unimaginable skills of our superb staff right here at Coinbase.
Over the previous three years now we have seen widespread adoption of cryptocurrencies internationally. Coinbase now has over 13,000 institutional shoppers as of March 2022, together with a variety of banks, introducing brokers, pension funds, corporates, hedge funds and asset managers.
Elevated adoption of crypto property by institutional buyers follows the broader development of the asset class turning into extra mainstream, underpinned by a perception within the vary of advantages that may be unlocked.
The most important and most subtle hedge funds on the earth have collectively determined that Coinbase affords the perfect crypto Prime Dealer platform due to its intensive product suite and depth of expertise within the sector. Our shoppers belief us as the biggest crypto custodian that additionally combines multi-venue execution capabilities with a robust steadiness sheet to allow prime financing. Most shoppers additionally reap the benefits of our full suite of companies that’s accomplished by greatest at school information and analytics and staking immediately from chilly storage. The robustness of our operations is strengthened by our itemizing on NASDAQ and validated by the very fact we’re authorised and controlled by the New York Division of Monetary Providers.
As a market chief we’ll 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 want to take this chance to publicly thank Coinbase’s total institutional staff for his or her onerous work and dedication via 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.
