.Renowned cryptocurrency exchange platform, Coinbase has partnered with Caspian, a token-based trading startup to increase its offerings for financial firms. Coinbase Pro will integrate and acquire all of Caspian’s tools that deal with managing portfolios to other trading tools.
Kayvon Pirestani, Director of Institutional Sales at Coinbase, stated this. “More than just a commercial opportunity, the partnership is an opportunity to move forward the institutional adoption of crypto as a mature, tradable asset class.”
Capturing the interests of financial groups and institutions willing to trade in cryptocurrencies is the motive of the collaboration. Caspian is a full-stack cryptocurrency trading, risk management, and portfolio management platform. Also, thus it will financial groups and professional traders and investors to properly invest and manage their digital assets.
More on the Collaboration
Furthermore, Pirestani also stated this in an official post. “Customers will be able to take advantage of the best elements of both platforms – accessing Coinbase’s extensive historical market data and deep pool of liquidity, and combined with Caspian’s suite of seamless trading tools.”
Caspian describes itself as the “full stack” tool integration platform offering smart trading algorithms for professional traders and investors. Furthermore, it is connected to over 25+ cryptocurrency exchange platforms. Some of these cryptocurrency exchange platforms include Coinbase, Binance, and Gemini.
Caspian has stated that this collaboration is amongst its plans to “connect institutional investors and active traders with multiple trading platforms from a single interface.”
Coinbase offers itself in 33 countries, giving professional investors and traders, the ability to buy, sell and trade, even store digital assets. Furthermore, they also released some tools specialized for only financial groups and institutions.
Caspian, prior to this partnership, also collaborated with Blocktower and Galaxy Digital.
About this Pirestani stated, “By working together, Coinbase and Caspian will deliver the institutional-grade order and risk management tools. It will give it to the growing number of professional crypto trading firms around the world.”