Coinbase has achieved a milestone in the crypto industry by becoming the only full-service prime brokerage, offering a complete suite of services including trading, custody, financing, derivatives, and cross-margining. According to John D'Agostino, head of strategy at Coinbase Institutional, this is a significant achievement as it meets the traditional Wall Street criteria for a prime broker. In the crypto space, this also includes staking, which Coinbase provides at an institutional scale. The company's flagship platform, Coinbase Prime, bundles these services into one system, allowing hedge funds and asset managers to manage their digital assets under one roof.
With over $350 billion in assets under custody, Coinbase Prime serves as a key bridge between traditional finance and crypto markets, operating under a growing regulatory framework.