American cryptocurrency exchange Coinbase, based in San Francisco, started cooperation with the blockchain startup Caspian. Platform Coinbase integrates Pro tools project that will provide additional opportunities for trading and portfolio management.
"Customers will be able to take advantage of the best elements of both worlds — access to extensive historical market data, Coinbase and deep pool of liquidity combined with a set of seamless trading instruments Caspian", — commented on the cooperation Director of institutional sales Coinbase Kayvon Pirestani (Kayvon Pirestani). He added that the partnership is an opportunity to "promote institutional implementation of cryptography as a Mature, best-selling asset class".
According to its own data, the Caspian is "a platform for cryptography and risk management with a full stack", now connects to 25 cryptomeria, including Coinbase, Gemini, Bitfinex, Poloniex, Huobi, OKEx and Binance.
Moreover, the project is quite new. According to Coindesk, he was released just a few days ago as a joint venture Kenetic, cryptocurrency firms from Hong Kong, and Tora, a trading system that provides ordering, portfolio management services, risk assessment and compliance. Caspian has already attracted funding of $16 million through pre-subscription.
The project team stated that the partnership with Coinbase is part of a strategy to "unite institutional investors and active traders with several trading platforms into a single interface."
Recall that in early September, Coinbase said their ambitious plans: the intention to become the counterpart of the new York stock exchange in the cryptocurrency world and also IPO. Earlier it was reported that Coinbase can start a bitcoin ETF. The site was consulted on this issue with the investment company BlackRock.
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