Coinbase has developed plans to launch an office in Chicago and has recently turned more aggressive in expanding its business and operations. The company is on a spree of acquisitions as well as hiring top talents from the financial and institutional space. They are also hoping to attract more institutional clients at present.
Coinbase is a digital currency exchange wallet headquartered in San Francisco, Californa. It is a platform where merchants and consumers can transact with various digital currencies like Bitcoin, Litecoin, Etherum.
In order to widen its institutional client base, Coinbase is planning to provide block trading facilities in a bid on Global Digital Asset Exchange [GDAX]. GDAX is the professional trading platform of Coinbase. Block trading is a feature that will allow traders to place large trading orders outside of the exchange’s usual order. Institutional investors and traders usually face a difficult time for getting their orders executed on a normal cryptocurrency exchange. The bulk orders generally cause major price swings in the market and thus often remain to be traded less.
Coinbase plans to offer the service of block trading through its GDAX, which is one of the top ten cryptocurrency exchanges of the globe with daily trading volumes somewhere near $315 million. Coinbase is also launching another service called Coinbase Custodian which will be a cryptocurrency storage facility for its institutional clients. The exchange is similar to a traditional banking system, but it will only be offered to clients willing to store a minimum of 10 million dollars worth of cryptocurrencies.
I appreciate, cause I found exactly what I was looking for. You’ve ended my four day long hunt! God Bless you man. Have a nice day. Bye
I used to be recommended this blog by my cousin. I’m no longer positive whether or not this post is written via him as nobody else recognize such particular approximately my problem. You are wonderful! Thank you!
You sure know what you’re talking about. Everyone is going to soon be visiting your site.
You sure know what you’re talking about. Everyone is going to soon be visiting your site.
You sure know what you’re talking about. Everyone is going to soon be visiting your site.
Sweet site, super design and style, very clean and use pleasant.
Great write-up, I am normal visitor of one?¦s web site, maintain up the nice operate, and It’s going to be a regular visitor for a long time.
Best Blogpost! I couldn’t refrain from commenting. Perfectly written!
A big thank you for your article post. Much thanks again. Great.
Best Blogpost! You post interesting articles here. Your blog deserves much more visitors.
Great writing, thanks_for the information, cheers!
Hi there, always i used to check webpage posts here in the early hours in the dawn, as i enjoy to gain knowledge of more and more.