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5/15, 7:38 PM (Source: TeleTrader.com)
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Coinbase launches products aimed at institutional investors

Cryptocurrency exchange and crypto wallet provider Coinbase said on Tuesday that it is rolling out a set of new products aimed at institutional investors. "We think this can unlock $10 billion of institutional investor money sitting on the sideline. We’re seeing a rapid increase in attention awareness and adoption in the cryptocurrency market," Coinbase General Manager Adam White told CNBC.

The products include Coinbase Custody, crypto storage solution, Coinbase Markets, a marketplace which is to be improved through the opening of a new space in Chicago, Coinbase Prime, a tool suite for institutional investors and Coinbase Institutional Coverage Group focused on "serving the needs of institutional clients by providing sales, sales trading, research, market operations, and client services support."

Breaking the News / BM