Coinbase pace of execution is hard to keep up with.
This set of product releases cater exclusively to institutional investors and once again shows the amount of pent up demand they must have for this sort of solutions.
1/ Coinbase Custody. this was first announced
back in November, when presumably they didn't have the product ready or perhaps they still needed to secure the partnership with the SEC broker-dealer. Now that it's all sorted, 8 funds are featured as launch partners, including Polychain, Metastable and Multicoin.
2/ Coinbase Markets. This is a brand new product that will be run by a new development team based in Chicago (home of many traditional exchanges), providing a centralized pool of liquidity underneath all Coinbase products.
3/ Coinbase Prime, a fully-fledge trading platform for institutional investors that will offer margin trading and lending, OTC and algo trading.
4/ Institutional Coverage Group, effectively a white-glove service ran from NYC for the largest institutional customers.
And rumours are Coinbase is already in talks
with the regulator to obtain a banking license, a move that would enable them to offer their own custody services as well as federally insured bank accounts.Bonus
: Ledger have also just announced
an institutional custody solution, in partnership with Nomura and Global Advisors.