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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 »

Can Trading by Mainstream Financial Institutions Boost Crypto Prices?

by David Drake A survey published by Thomson Reuters has revealed that one in five financial institutions is considering cryptocurrency trading this year. This translates to over 400 financial institutions like large asset managers, trading desks and hedge funds. According to the co-head of trading at Thomson Reuters, this is a sure sign the crypto  trading market is entering mainstream financial services industry. Moreover, in an interview with CNBC, Adena Friedman, Nasdaq CEO, revealed that Nasdaq could become a cryptocurrency exchange in future, if proper regulations are put in place. In the long-term, these developments are likely to have a positive effect on crypto prices. Individual Investors One of the ways to trading of financial institutions will boost cryptocurrency prices is the rise in the number of investors. According to Joseph Onyero, CEO of Properbuz, the growing interest of financial institutions in cryptos will attract more individual investors through institutional trading ... Read More »

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