Coinbase releases professional trading platform for institutional clients • Hacker News Board

Re: Coinbase releases professional trading platform for institutional clients

#21

Post by fractaleyes » Tue, May 15, 2018, 3:41 PM UTC

oceanghost wrote: post #14

Does anyone trust Coinbase at this point?

As long as there is not a large crash currently happening, their service works pretty well. Generally, once your funds are dropped in Coinbase, you can transfer to GDAX, purchase what you want, then immediately transfer to a wallet or another exchange within minutes.

Re: Coinbase releases professional trading platform for institutional clients

#22

Post by [deleted] » Tue, May 15, 2018, 3:41 PM UTC

lisbakke wrote: post #18

benmanns wrote: post #12

Earlier quoted context omitted.

If you're the fastest and you don't make > $XXk a month then why would an institutional client pay $XXk per month for better access?

I don't have access to capital so I can't scale to $XXk a month.

[deleted]

Re: Coinbase releases professional trading platform for institutional clients

#23

Post by pastor_bob » Tue, May 15, 2018, 3:51 PM UTC

How about they get rid of wash trading first

Re: Coinbase releases professional trading platform for institutional clients

#24

Post by jstanley » Tue, May 15, 2018, 3:51 PM UTC

lisbakke wrote: post #6

They're going to give new tools to institutional traders. Co-location, FIX market data, lending & margin financing products, professional crypto secure storage ('coinbase custody') etc. etc. They'll be faster than non-institutions and have trading options unavailable to the rest of us. Read this https://blog.coinbase.com/coinbase-institutional-deea317d23a... Right now, the institutions have to play on a level playing…

Out of interest what's your 30-day volume? You can find it in the "MY FEES" page of the GDAX UI.

Re: Coinbase releases professional trading platform for institutional clients

#25

Post by chollida1 » Tue, May 15, 2018, 3:51 PM UTC

lisbakke wrote: post #6

They're going to give new tools to institutional traders. Co-location, FIX market data, lending & margin financing products, professional crypto secure storage ('coinbase custody') etc. etc. They'll be faster than non-institutions and have trading options unavailable to the rest of us. Read this https://blog.coinbase.com/coinbase-institutional-deea317d23a... Right now, the institutions have to play on a level playing…

Bold claim, and funnily enough, you are the 3rd or 4th team I've run into this week that claim to be the fastest trading system on GDAX. The Consensus conference brings out these kind of conversations:)

What are you basing your claim off of, I've seen some pretty impressive use of C++ and one team that is starting to burn simple strategies into FPGA's.

What sort of time from network stack to network stack are you consistently getting? ie time from when your network card receives a message until when your network card gets your reply?

That's a standard HFT measurement.

Re: Coinbase releases professional trading platform for institutional clients

#26

Post by adsfasdfsad111 » Tue, May 15, 2018, 3:54 PM UTC

oceanghost wrote: post #14

Does anyone trust Coinbase at this point?

does anyone not trust them?

Re: Coinbase releases professional trading platform for institutional clients

#27

Post by pbreit » Tue, May 15, 2018, 4:01 PM UTC

oceanghost wrote: post #14

Does anyone trust Coinbase at this point?

I think the vast, vast majority trust it a great deal, perhaps more than any other crypto property.

So I'm wondering why you would ask such a question?

Re: Coinbase releases professional trading platform for institutional clients

#28

Post by notyourday » Tue, May 15, 2018, 4:09 PM UTC

lisbakke wrote: post #6

They're going to give new tools to institutional traders. Co-location, FIX market data, lending & margin financing products, professional crypto secure storage ('coinbase custody') etc. etc. They'll be faster than non-institutions and have trading options unavailable to the rest of us. Read this https://blog.coinbase.com/coinbase-institutional-deea317d23a... Right now, the institutions have to play on a level playing…

Because you totally need a fastest bot on a trading network that has problem confirming transactions

Re: Coinbase releases professional trading platform for institutional clients

#29

Post by DINKDINK » Tue, May 15, 2018, 4:09 PM UTC

rb808 wrote: post #11

Is there a reason to prefer trading with BTC rather than the futures?

One pays a premium for the security of a future, if you don't need that security, you can buy / sell at a better price.

Re: Coinbase releases professional trading platform for institutional clients

#30

Post by whataretensors » Tue, May 15, 2018, 4:16 PM UTC

45h34jh53k4j wrote: post #4

Hyperbitcoinization incoming! In all seriousness, the attention from institutions, growing maturity of custodial solutions and good monetary policy are colliding. Nocoiners, watch out!

I think Hyperbitcoinization was avoided with alts. The pressure to outcompete bitcoin prevents a lot of hoarding.