Caspian, the “first institutional grade” full-stack crypto trading and risk management platform, announced a recently-formed partnership with crypto giant Coinbase, according to a blog post published yesterday, September 24.
The partnership will integrate Caspian with Coinbase Prime to provide additional sophisticated trading and portfolio management features to Coinbase’s customer base. This will reflect on other product offerings, including Coinbase Custody, and its Institutional Coverage Group.
Robert Dykes, CEO of Caspian, said that the partnership will “see one of the world’s leading digital currency trading venues join forces with one of the most exciting emerging crypto platforms.”
Caspian is a startup which was formed through the efforts of equities and derivatives platform Tora and blockchain firm Kenetic. Since its launching, it has already established partnerships with some of the largest crypto trading platforms including Binance, BitFlyer, Huobi, OKEx, BitMEX, Gemini, Bitfinex, and Poloniex. With the recent alliance with Coinbase, the startup goes to prove that its tools and technology are proving to be of great use to the crypto trading sphere.
For the startup, this recent partnership follows a thread of high profile collaborations with Blocktower and Galaxy Digital—parallel to its strategy to provide a platform where institutional investors and active traders will converge with ease.
The partnership has bigger plans than this; the announcement said that further integrations in the future are possible, even though it did not mention how.
Streamlining Institutional Adoption
According to Kayvon Pirestani, Director of Institutional Sales at Coinbase, the partnership aims to deliver institutional-grade order and risk management tools to the ever-increasing number of professional crypto trading organizations around the world.
“Customers will be able to take advantage of the best elements of both platforms—accessing Coinbase’s extensive historical market data and deep pool of liquidity, and combined with Caspian’s suite of seamless trading tools. We see this partnership as not only a tremendous commercial opportunity, but as a chance to truly move forward the institutional adoption of crypto as a mature tradable asset class.”
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