Coinbase Reveals It Executed $1 Billion Crypto Buys For Some Of The Largest Institutions In The World

Coinbase has reportedly filed some documents with the US SEC to go public, revealing it has executed more than $1 billion crypto trades from some of the largest institutions in the world.

According to the latest news coming from the online publication, the Daily Hodl, The US crypto exchange’s registration documents with the SEC have yet to become effective.

Coinbase plans to list its stock to the NASDAQ under the ticker symbol COIN

It’s been also revealed that when they do, Coinbase plans to list its stock on the Nasdaq under the ticker symbol “COIN,” according to a recent press release from the company.

“Coinbase has efficiently executed nine and ten-figure trades for some of the largest institutions in the world. Clients have selected us for our track record in security, sophisticated execution platform, 24/7/365 white-glove service, and focus on regulatory compliance,” Coinbase said.

It’s been also revealed that Coinbase’s ultimate goal is to become the go-to exchange for institutional and retail clients as crypto continues to expand across mainstream sectors, according to the company’s SEC filing.

“Our goal is to become the primary financial account for our retail users and the one-stop-shop for institutions’ crypto-asset investing needs. To achieve these goals, we are developing and launching innovative products and services across our platform to serve each customer’s distinct needs,” according to the platform.

Coinbase also said that “For example, in 2020 we launched support for post-trade credit to enable institutional customers to instantly invest in crypto assets without pre-funding their trade. For retail users, we have added support for staking, offering our users a simple way to earn rewards on their crypto asset holdings.”

We suggest that you check out the original article posted by the Daily Hodl in order to learn more available details released by Coinbase.

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