Major cryptocurrency exchanges continue to pave the way for institutional involvement in the space. Now is the turn of Coinbase, just announced the acquisition of the leading institutional crypto brokerage Tagomi.
Coinbase Acquires Tagomi
San Francisco-based cryptocurrency exchange Coinbase announced today the acquisition of the leading institutional cryptocurrency brokerage Tagomi. The move is aimed to bolster the company’s propositions for advanced traders and “the most sophisticated crypto investors.”
Acording to Coinbase:
This is why we’re excited to announce that we’ve agreed to acquire Tagomi, the leading crypto prime brokerage platform. The acquisition will bolster our offerings for advanced traders and the most sophisticated crypto investors.
The addition of Tagomi will round out our product suite for the fast-growing institutional trading market. It will allow us to offer custody, professional trading features, and prime brokerage services on one platform, giving sophisticated investors the seamless, powerful trading experience they have come to expect in equities and FX markets.