Panel discussion at Fund Forum draws strong views on custody offerings amid Coinbase earnings report filed with the SEC which has raised concerns among investors.
As digital asset firms look to reach institutional investors, the largest players have realised the need for prime brokerage services and appear to have all made their moves at once.
Coinbase launches custody for cryptocurrencies but is still looking to partner with traditional custodians.
Cryptocurrency exchange giant CoinBase is looking to launch its own custody offering in a bid to make trading digital assets just like any other financial product for institutional investors, and part of the platform’s plans involve teaming up with traditional custodian banks.