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by Brett Tejpaul, Head of Coinbase Institutional, and Elke Karskens, Head of EMEA Advertising and marketing
We just lately received the Finest Prime Dealer Award in Hedgeweek’s annual European Digital Belongings Awards. This success not solely underlines the power of our platform and our integral position inside the cryptoeconomy, notably when it comes to additional enabling institutional engagement, but in addition celebrates the unimaginable abilities of our superb staff right here at Coinbase.
Over the previous three years we now have seen widespread adoption of cryptocurrencies internationally. Coinbase now has over 13,000 institutional shoppers as of March 2022, together with a variety of banks, introducing brokers, pension funds, corporates, hedge funds and asset managers.
Elevated adoption of crypto belongings by institutional buyers follows the broader development of the asset class turning into extra mainstream, underpinned by a perception within the vary of advantages that may be unlocked.
The most important and most refined hedge funds on the planet have collectively determined that Coinbase provides the perfect crypto Prime Dealer platform due to its in depth product suite and depth of expertise within the sector. Our shoppers belief us as the biggest crypto custodian that additionally combines multi-venue execution capabilities with a robust stability sheet to allow prime financing. Most shoppers additionally reap the benefits of our full suite of providers that’s accomplished by finest in school information and analytics and staking immediately from chilly storage. The robustness of our operations is bolstered by our itemizing on NASDAQ and validated by the actual fact we’re authorised and controlled by the New York Division of Monetary Companies.
As a market chief we’ll proceed to work with people and different stakeholders within the wider monetary and political world to form coverage to create a safer and extra environment friendly monetary system that’s accessible to all.
We wish to take this chance to publicly thank Coinbase’s whole institutional staff for his or her exhausting work and dedication by means of an ever-shifting macro setting. We’re simply as passionate and hungry as we’ve at all times been, and can proceed to cement our place because the main prime dealer and digital asset custodian supporting establishments of all types of their engagement with the world of cryptocurrency.
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