Coinbase has achieved a significant milestone by becoming the only full-service prime brokerage in the crypto industry. According to John D’Agostino, head of strategy at Coinbase Institutional, the company has combined trading, custody, financing, derivatives, and cross-margining into a single stack, a feat that its rivals have yet to accomplish. This comprehensive platform allows institutional clients to access a wide range of services under one roof, setting Coinbase apart from its competitors.
With over $350 billion in assets under custody and a significant share of U.S. bitcoin and ether ETF assets, Coinbase has solidified its position as a key player in the crypto market.