Coinbase puts forth a buyout offer for crypto brokerage firm Tagomi

By Nikita Chaurasia  | Date: 2020-05-28

Coinbase puts forth a buyout offer for crypto brokerage firm Tagomi

San Francisco based digital currency exchange major Coinbase has reportedly announced its acquisition of the crypto prime brokerage platform, Tagomi. For eight years, Coinbase has been known for its credibility in the field of industry-leading trading and custody platforms.

 Coinbase has stated that its acquisition of Tagomi is aimed at strengthening the company’s offerings for advanced traders and crypto investors.

As per sources, a consistent rise in the demand from institutional investors over the previous year has driven tremendous growth in the Coinbase Custody offering. This has helped in further developing advanced features comprising margin trading for institutional investors and formulation of new tools for the segregation of trading policies. Brett Tejpaul has been recently appointed as the Head of Institutional Coverage in the company’s leadership team.

According to Coinbase, Tagomi’s acquisition is expected to round out its product suite for the constantly growing institutional trading market. This move will allow Coinbase to offer professional training features, custody and prime brokerage services providing sophisticated investors with seamless trading experience in equities and FX markets.

Tagomi was launched 18 months ago and became the most-opted platform for many hedge funds, advanced traders and family offices including Paradigm, Bitwise, Multicoin, Pantera and others. Over the period, it has also worked with leading firms such as Goldman Sachs, Tower Research, Citadel, KCG and USV.

Coinbase digital exchange has also built an executive team by collaborating its traditional financial services with crypto experience. The team is being led by the company’s co-founders Jennifer Campbell, Greg Tussar and Marc Bhargava.

The company has been proud to build the foundation for emerging crypto investors by bringing the first electronic prime brokerage in crypto onboard. Coinbase emphasizes on pushing forward its mission of building a crypto-economy.

 

Source Credits:

https://blog.coinbase.com/coinbase-to-acquire-leading-institutional-crypto-brokerage-tagomi-50558d41eef2

About Author

Nikita Chaurasia     aeresearch.net

Nikita Chaurasia

An accomplished professional in the field of content development, playing with words comes naturally to Nikita Chaurasia. After completing her post-graduate MBA degree in Advertising and PR, Nikita worked across numerous content-driven verticals, undertaking diverse r...

Read More

More News By Nikita Chaurasia

Russia denies plans of blocking YouTube & cutting off from the internet

Russia denies plans of blocking YouTube & cutting off from the internet

By Nikita Chaurasia

The Digital Development Minister of Russia has reportedly stated that the country is not planning to block Google’s video streaming platform YouTube as such a move would affect its users and will therefore be avoided.  It is worth notin...

Indian food delivery giant Swiggy to buy Dineout from Times Internet

Indian food delivery giant Swiggy to buy Dineout from Times Internet

By Nikita Chaurasia

Swiggy, an Indian food delivery giant, has recently announced an agreement with Times Internet to buy Dineout, a dining and restaurant technology platform. Swiggy will use the acquisition to enter the dining out (non-delivery) market, where it will c...

Grocery delivery platform Instacart files for U.S. stock market debut

Grocery delivery platform Instacart files for U.S. stock market debut

By Nikita Chaurasia

Instacart, a grocery delivery service, has announced that it has submitted a provisional registration statement with the Securities and Exchange Commission (SEC), clearing the way for the company to list its shares on the U.S. stock exchange. The ...

Tyson Foods improves annual sales outlook as meat prices surge in U.S.

Tyson Foods improves annual sales outlook as meat prices surge in U.S.

By Nikita Chaurasia

American food major Tyson Foods Inc. has reportedly improved its full-year sales outlook after witnessing better-than-expected earnings and revenue in the last quarter. The company raised its full-year sales to around USD 54 billion, above the averag...

EU likely to enforce new rules to regulate tech giants in spring 2023

EU likely to enforce new rules to regulate tech giants in spring 2023

By Nikita Chaurasia

The Executive Vice President of the European Commission Margrethe Vestager reportedly claimed that the union is likely to start enforcing the Digital Markets Act (DMA) in the spring of 2023. The antitrust legislation, which aims to limit the power of...