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Coin-based CEO “60% of the trading volume of Coinbase Pro is an institutional investor”

HOME> News> Coin-based CEO “60% of the trading volume of Coinbase Pro is an institutional investor”

コインベースCEO「Coinbase Proの取引ボリュームの60%は機関投資家」

Yuya 【CRYPTO TIMES Official Writer】

Yuya Coin Desk News

I have studied a wide range of technologies and applications of distributed ledger technology.

In a dialogue with Union Square Ventures, coin-based CEO Brian Armstrong has revealed that nearly 60% of Coinbase Pro’s trading volume comes from institutional investors .

The coin base began focusing on expanding services for institutional investors from the beginning of last year, and began providing its own custody service ” Coinbase Custody ” and an OTC trading platform .

Armstrong said, “With the implementation of OTC trading services through Coinbase Custody, etc., large-scale trading (by institutional investors) has begun to be conducted. In Coinbase Pro, institutional investors account for 60% of the total trading volume. It should have taken place. ”

This year, major securities companies, Fidelity and Bakkt under ICE have announced similar products one after another.

Fidelity Securities is set to launch a custody institutional trading platform later this month, and Bakkt has also announced that it will begin testing bitcoin futures in July this year.

In the industry-relevant services industry, where the trust comes from, the coin base has to compete with such large players in the future and set its position.

Article Source: Trustnodes

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Author: Yuya 【Coin Desk News】 – Source Post: https://crypto-times.jp/institutional-investors-take-up-60-percent-of-coinbase-pro-trading-volume/

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