Coinbase Partnership Brings Crypto Trading to Institutional Investors

The biggest crypto broker and exchange has partnered with an institutional trading platform provider to facilitate bitcoin, bitcoin cash, ethereum and litecoin trading for institutional investors, like hedge funds.

Trading Technologies is described as a provider of “professional trading software platforms for proprietary traders, brokers, money managers, CTAs, hedge funds, and commercial hedgers and risk managers worldwide.”

With the company stating they power 19 out of the top 20 futures commissions providers, so announcing recently a contract with Societe Generale.

“The crypto market has gone mainstream as an asset class.” Trading Technologies says before further adding:

“A couple years ago, the ecosystem wasn’t yet prepared to handle large traders, and our customers weren’t asking for crypto. That all changed in 2017.

With ever-increasing frequency, the professional trading community—our core user base—was coming to us asking if we’d consider adding these markets to our platform.

Large traders and trading firms were eager to actively trade these markets but felt there was a lack of institutional-grade technology to support them.

It became clear to us we had an obligation to provide the tools this community needed to confidently trade these markets, in a way with which they were familiar.”

Following the partnership with Gdax those institutional investors will now be able to trade the spot prices of the biggest digital currencies.

“TT provides one of the most powerful and ubiquitous tools to today’s futures trader,” Adam White, General Manager of GDAX, says before adding:

“This, paired with GDAX’s crypto-spot market liquidity, will provide thousands of institutional investors a seamless and secure way to trade digital assets.”

Coinbase, which handled some one billion in revenue last year, is now seemingly becoming the go to crypto company with few, if any, competitors at the same level, especially in USA.

“This unparalleled strategic relationship means that for the first time ever, the institutional community can utilize our best-in-class professional trading tools to access both listed derivative and GDAX’s exceptional cash cryptocurrency offerings, side by side on one screen,” Michael Kraines, TT’s Chief Commercial Officer, said.

The institutional investors thus are coming, with the half a trillion global crypto market cap so going mainstream in the financial sphere.