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 successfully combined trading, custody, financing, derivatives, and cross-margining into a single stack, a feat that its competitors have yet to accomplish.
This integration allows hedge funds and asset managers to trade, store, and finance digital assets under one roof, with over $350 billion in assets under custody. The company's flagship platform, Coinbase Prime, has become a key bridge between traditional finance and crypto markets, operating under a growing regulatory framework. With the recent rollout of cross-margining, Coinbase has solidified its position as a prime broker, providing institutional clients with a bundled suite of services designed to mirror traditional offerings in markets like equities and FX.