Coinbase has achieved a significant milestone, becoming the only full-service prime broker in the cryptocurrency industry. According to John D'Agostino, head of strategy at Coinbase Institutional, the company has successfully combined trading, custody, financing, derivatives, and cross-margining into a single platform, a standard typically seen in traditional Wall Street firms. This comprehensive suite of services sets Coinbase apart from its rivals, which often require clients to piece together these services from multiple providers.
With over $350 billion in assets under custody and serving as custodian for more than 80% of U.S. bitcoin and ether ETF assets, Coinbase has established itself as a key player in the crypto industry, providing a bridge between traditional finance and crypto markets.