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The Real Reason Coinbase Hired Jeff Horowitz as Chief Compliance Officer

  By David Drake   Jeff Horowitz’s appointment as chief compliance officer at Coinbase, the largest cryptocurrency platform in the US, could herald a new era of investment opportunities for institutional investors. Formerly the managing director of Pershing LLC and banking regulator at the FDIC, Horowitz’s addition is expected to help Coinbase expand into new markets. His experience working in industries that require compliance with anti-money laundering policies could easily be the eye-opening experience, bigwig investors need to buy into cryptocurrency. Coinbase ranks 12th globally as a cryptocurrency exchange and boasts of an average crypto volume of $156 million daily, split across Bitcoin, Bitcoin cash, Litecoin, and Ethereum. With the newly added Coinbase Custody, the exchange hopes to attract large-scale investors such as hedge funds, by enticing them to diversify their portfolios to include cryptocurrencies. Just recently, Coinbase hired a broker-dealer and its move to include  Horowitz is a necessary ... Read More »

How Coinbase is Strengthening Its Structures to Attract Institutional Investors

  By David Drake   This year has seen the creation of more than 100 cryptocurrency hedge funds. Several large financial institutions have announced plans to launch cryptocurrency trading. Development of blockchain-based innovations has also hit a whole new level. Creation of platforms such as Gath3r for web-mining monetization, IOU for e-commerce loyalty solutions and URAllowance for family smart contracts has seen companies utilize blockchain technology to solve real problems. These changes have seen different players, including cryptocurrency exchanges, position themselves to facilitate the entry of institutional investors into the cryptocurrency space. Coinbase, the largest cryptocurrency exchange in the US, is one such player. In May of this year, Coinbase launched a new service called ‘Coinbase Custody’. Through this service, the cryptocurrency exchange targets big financial institutions and is part of an institutional product suite. At the time of the launch, Coinbase said the maturing cryptocurrency market is rapidly attracting ... Read More »

Two Reasons Why Institutional Investors Avoid Digital Assets and How Coinbase is Addressing Them

  by David Drake   Coinbase, one of the leading cryptocurrency exchange, is positioning itself to attract institutional investors. The exchange recently hired Jeff Horowitz, formerly the managing director and chief compliance officer of Pershing LLC, as its chief compliance officer. By hiring Horowitz, Coinbase hopes to expand the innovative market through his guidance as well as add new services which include Coinbase custody and broker dealing to its portfolio. Previously, Horowitz has been credited for introducing programs in anti-money laundering and regulation in leading financial institutions including Goldman Sachs. His experience will be important to Coinbase as the exchange aims to provide cryptocurrency solutions for institutional investors and hedge funds. Decentralized Tokens With the growth of the cryptocurrency sector and the increasing interest by governments to examine its operations, there is need for companies to ensure compliance with  industry regulations. Horowitz’s background in compliance and regulation will ensure that ... Read More »

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