Coinbase has achieved a significant milestone by becoming the only cryptocurrency platform to offer a full range of prime brokerage services, including trading, custody, financing, derivatives, and cross-margining. According to John D'Agostino, head of strategy at Coinbase Institutional, the platform has met the traditional Wall Street criteria for a prime broker, with the added capability of staking.
This comprehensive suite of services positions Coinbase as a one-stop solution for institutional investors, setting it apart from other crypto platforms that often require clients to piece together services from multiple providers. With over $350 billion in assets under custody and a significant share of U.S.
bitcoin and ether ETF assets, Coinbase Prime has established itself as a leading player in the crypto market.