Global US-based cryptocurrency exchange giant, Coinbase, has formed a partnership with Caspian, a full suite of crypto asset management solution that covers the lifecycle of the trade. The partnership aims assist the growing institutional investors in the cryptocurrency ecosystem.
Caspian will provide additional trading and portfolio management tools to Coinbase’s premiere professional trading platform Coinbase Prime. Caspians services will also be incorporated into Coinbase’s Coinbase Custody, and its Institutional Coverage Group.
Robert Dykes, CEO of Caspian, spoke on the partnership:
“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.”
With a projected 20% of traditional financial institutions exploring cryptocurrencies, Coinbase has implemented new services to facilitate the inclusion of these major investors. In order to provide the services needed by major institutions, Coinbase has launched Coinbase Prime, Coinbase Custody, Coinbase Markets, and Coinbase Institutional Coverage Group.
Caspian, an institutional grade full-stack crypto trading and risk management platform connects to 25 crypto exchanges, including Coinbase, Gemini, Bitfinex, Poloniex, Huobi, OKEx, and Binance. The company has planned for October an initial coin offering (ICO) of Caspian’s CSP token.