by Brett Tejpaul, Head of Coinbase Institutional, and Elke Karskens, Head of EMEA Advertising and marketing
We not too long ago received the Finest Prime Dealer Award in Hedgeweek’s annual European Digital Belongings Awards. This success not solely underlines the energy of our platform and our integral function throughout the cryptoeconomy, notably by way of additional enabling institutional engagement, but in addition celebrates the unimaginable skills of our superb staff right here at Coinbase.
Over the previous three years we’ve got seen widespread adoption of cryptocurrencies the world over. Coinbase now has over 13,000 institutional purchasers as of March 2022, together with a variety of banks, introducing brokers, pension funds, corporates, hedge funds and asset managers.
Elevated adoption of crypto property by institutional buyers follows the broader development of the asset class turning into extra mainstream, underpinned by a perception within the vary of advantages that may be unlocked.
The biggest and most subtle hedge funds on the earth have collectively determined that Coinbase gives one of the best crypto Prime Dealer platform due to its intensive product suite and depth of expertise within the sector. Our purchasers belief us as the most important crypto custodian that additionally combines multi-venue execution capabilities with a powerful stability sheet to allow prime financing. Most purchasers additionally benefit from our full suite of companies that’s accomplished by greatest at school information and analytics and staking immediately from chilly storage. The robustness of our operations is bolstered by our itemizing on NASDAQ and validated by the actual fact we’re authorised and controlled by the New York Division of Monetary Providers.
As a market chief we’ll proceed to work with people and different stakeholders within the wider monetary and political world to form coverage to create a safer and extra environment friendly monetary system that’s accessible to all.
We wish to take this chance to publicly thank Coinbase’s whole institutional staff for his or her arduous work and dedication via an ever-shifting macro atmosphere. We’re simply as passionate and hungry as we’ve at all times been, and can proceed to cement our place because the main prime dealer and digital asset custodian supporting establishments of all types of their engagement with the world of cryptocurrency.