Whatever one's feelings are about the recent hysteria over cryptocurrency, it's impossible to deny that the Bitcoin boom of late 2017 and early 2018 has done a lot to put the technology on people's radars, and Coinbase Prime is a new service that recognizes cryptocurrency's nascent legitimacy. The platform is a cryptocurrency trading site designed specifically for institutional investors, or those working on the behalf of organizations like banks.
Cryptocurrency's biggest evangelists herald the technology as the death knell of banks, as the purest form of cryptocurrency effectively eliminates the need for institutions like banks in order to build and maintain trust between investing partners. Banks have the resources to get involved in cryptocurrency themselves rather than being made irrelevant by that, and Coinbase Prime is a tool that's helping those institutions to do so.
Professional Cryptocurrency Platforms
'Coinbase Prime' is Designed for Institutional Investors
Trend Themes
1. Institutional Cryptocurrency Trading - Coinbase Prime is a new service designed specifically for institutional investors, recognizing the legitimacy of cryptocurrency.
2. Cryptocurrency Disruption - Cryptocurrency is seen as a potential threat to banks, but Coinbase Prime is helping banks get involved in the technology.
3. Building Trust in Cryptocurrency - Cryptocurrency eliminates the need for banks to build trust, but Coinbase Prime provides a tool for institutions to maintain trust in their investments.
Industry Implications
1. Banking - Coinbase Prime is helping banks navigate the world of cryptocurrency.
2. Financial Technology (fintech) - Coinbase Prime is a prime example of fintech disrupting the traditional financial industry.
3. Investment Management - Institutional investors can utilize Coinbase Prime to manage their cryptocurrency investments effectively.