With the company's newest acquisition of Tagomi, he's making a deeper ... [+] push into institutional trading. New York-based Tagomi caters to deep-pocketed crypto traders who make transactions between $250,000 and $2 million. It doesn’t have its own exchange—it links to a dozen of the largest, including Coinbase and Binance U.S., aiming to route investors’ orders to the venues offering the best prices. The trio will help Coinbase accelerate Coinbase Prime, a trading platform for institutional investors announced in 2018, says a person familiar with the deal. Coinbase’s acquisition of Tagomi is another attempt to acquire outside talent and turbocharge its institutional business.

Source: Forbes May 27, 2020 12:25 UTC