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Caspian and Coinbase Go For Institutional Investor Glory

A joint effort offers institutional investor tools and, crucially, custody solutions.

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Hong Kong-based Caspian has revealed the first operational institutional grade full-stack crypto trading and risk management platform, which it believes will help cryptocurrency’s bid for mainstream acceptance. The company also announced a strategic partnership with Coinbase.

Caspian is itself a joint venture between Tora and Kenetic, which provide institutional trading services for the cryptocurrency market. Now Caspian has joined forces with Coinbase, the world’s third largest exchange, to create a sledgehammer of an institutional investor’s platform that could steal a march on more tentative opposition. Blocktower and Galaxy Digital are already part of this sprawling initiative.


Institutional Investing Platform is Live

The platform is live and 15 customers are on board already, with 170 more waiting in the wings to go on the system. Caspian has a near 99,000 strong community on Telegram and $16 million in pre-sales from Kenetic, Galaxy Investment Partners, Octagon Strategy, Techemy Capital, Global Advisors and Bletchley Park. Now it has gone public with Coinbase, it expects the service to go from strength-to-strength.

Robert Dykes, Caspian CEO, said:

We’re delighted to cement this important partnership with Coinbase, which will see one of the world’s leading digital currency trading venues join forces with one of the most exciting emerging crypto platforms.

Our goal at Caspian has always been to make it is as frictionless as possible for professional traders and investors to trade and manage portfolios of cryptocurrencies in order to drive exponential growth in this market and we’re delighted that Coinbase shares this vision.

Institutions Will Change Crypto Markets

Institutional investing will cause a seismic shift in the cryptocurrency market and one recent study predicted that institutional investors could make up more than 90% of the global crypto trade within two years thanks to offshore investing.

Global banks, hedge funds and other financial institutions are expected to use cryptocurrency to protect against inflation and Black Swan events.

That will have a massive impact on the market as a whole, especially the amount of coins that are kept out of circulation as banks hold investments for the long-term and balance out the day traders.

Custody solutions are an issue, but Coinbase Custody has that covered. Aimed squarely at institutional investors, Coinbase Custody is available alongside Coinbase Prime and the company’s Institutional Coverage Group, as part of a suite of tools that should roll out the red carpet for them.


Global Coverage For Institutions

Caspian was already connected to more than 25 cryptocurrency exchanges, including Coinbase and world leader Binance. Coinbase is active in 33 countries and should provide global access to crypto exchanges, but the suite of tools on offer is the most important part of the arrangement for institutional investors.

Kayvon Pirestani, Director of Institutional Sales at Coinbase, said:

By working together, Coinbase and Caspian will deliver institutional-grade order and risk management tools to the growing number of professional crypto trading firms around the world. Customers will be able to take advantage of the best elements of both platforms – accessing Coinbase’s extensive historical market data and deep pool of liquidity, and combined with Caspian’s suite of seamless trading tools.

“We see this partnership as not only a tremendous commercial opportunity, but as a chance to truly move forward the institutional adoption of crypto as a mature, tradable asset class.

 

This partnership brings some of the biggest names in institutional cryptocurrency investing together. So are the floodgates about to open for mainstream professional investing?

It would have an energizing effect on the cryptocurrency market if that was the case, so most of the community will root for this new joint effort and watch its progress closely.

 

The author is not currently invested in digital assets.

 

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