Coinbase to acquire Tagomi, a leading crypto prime brokerage platform

Source: IBS Intelligence 2020-05-28

California based Coinbase, provider of a digital currency wallet and platform has announced that the company has agreed to acquire Tagomi, the leading crypto prime brokerage platform.

Coinbase being a trusted name in crypto, provides clients with industry-leading trading and custody platforms. With the current COVID-19 crisis, the industry is at an inflexion point, and many world’s top hedge fund and macro investors are entering the space and searching for the right infrastructure through which to engage with crypto. The Tagomi acquisition is expected to bolster Coinbase’s offerings for advanced traders and sophisticated crypto investors.

Through the addition of Tagomi, Coinbase is planning to round out its institutional product suite for the fast-growing institutional trading market and launch an all-in-one solution for crypto trading. This will allow the company to offer custody, professional trading features, and prime brokerage services on one platform, giving sophisticated investors a seamless, powerful trading experience in equities and FX markets.

Over the past year, Coinbase has noticed a swell in demand from institutional investors driving tremendous growth in Coinbase Custody offering and increased volumes on its trading platforms. This has triggered the company to build advanced features such as margin trading for institutional investors and new tools to help investors segregate their trading strategies.

Launched in 2018, Tagomi is an electronic prime brokerage for digital assets, combining institutional-grade services with a robust infrastructure that clients have come to expect in other institutional asset classes. The from has become the platform of choice for many advanced traders, hedge funds, and family offices, including well-known names such as Pantera, Bitwise, Multicoin, Paradigm, and many more. The company led by co-founders Greg Tusar, Jennifer Campbell, and Marc Bhargava has teamed up an executive team with a rare blend of traditional financial services and crypto experience.

Founded in 2012, San Francisco based Coinbase’s mission is to create an open financial system for the world. Recently Coinbase announced OmiseGO support, staking for Cosmos & selection by FTX as Primary Custodian. Coinbase’s digital currency wallet and platform where merchants and consumers can transact new digital currencies like bitcoin, ethereum, and litecoin.

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Coinbase to acquire Tagomi, a leading crypto prime brokerage platform

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