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Coinbase releases professional trading platform for institutional clients

prime.coinbase.com

51–60 of 101 posts

Re: Coinbase releases professional trading platform for institutional clients

#51
post #40

The GDAX servers are hosted on AWS. Us-East-1 if i remember correctly. This allows anyone to have basically free colocation. So not sure why they give colocation as a selling point here

Would you have to try instances in multiple availability zones until you get the one with the shortest round trip time?

Surely they load balance across AZs though so results may change...

Re: Coinbase releases professional trading platform for institutional clients

#52
post #7

Earlier quoted context omitted.

It’s almost like capital tends to concentrate in the absence of regulated financial markets or something...

Two words that perfectly describe financial regulation: accredited investor. Now, what was that about capital concentration?

You think so? Due to inflation, I think the bar for "accredited investor" feels pretty low these days. HN must be full of middle class individuals with $1M+ USD networth.

Re: Coinbase releases professional trading platform for institutional clients

#53
post #7

Earlier quoted context omitted.

It’s almost like capital tends to concentrate in the absence of regulated financial markets or something...

Two words that perfectly describe financial regulation: accredited investor. Now, what was that about capital concentration?

IMO, the SEC accredited investor rules are in place to make it a federal crime to scam non-accredited investors. Though I tend to be anti-regulation in general, I think these are good laws as I can only imagine how many investment scams would be running otherwise.

Re: Coinbase releases professional trading platform for institutional clients

#54

Earlier quoted context omitted.

Two words that perfectly describe financial regulation: accredited investor. Now, what was that about capital concentration?

You think so? Due to inflation, I think the bar for "accredited investor" feels pretty low these days. HN must be full of middle class individuals with $1M+ USD networth.

>>HN must be full of middle class individuals with $1M+ USD networth.

For the HN demographic that doesn't own a house and "only" pays rent, I'd agree with you. But another portion of the HN demographic that does own a flat or property may not qualify, as the definition of an accredited investor (at least in the US[1]) is $1M+ USD of investible assets excluding their primary residence.

[1] https://en.wikipedia.org/wiki/Accredited_investor#United_Sta...

Re: Coinbase releases professional trading platform for institutional clients

#55
post #10

Earlier quoted context omitted.

How can I contact you? ;) Not at hft but also ran a fast bot.

Send me your email and I'll reach out

I also run a bot. I am also interested to converse :) My contact info is in my profile, otherwise, let me know how to reach you.

Re: Coinbase releases professional trading platform for institutional clients

#56
I'm so glad the currency is decentralized so that the existing powers don't have undue influence over monitary policy and the value of the currency I hold. Oh....wait...right...greed wins again.

You can distribute the nodes all you want, as long as the currency can be traded on a financial swap system, it will be nothing more than another commodity.

Re: Coinbase releases professional trading platform for institutional clients

#57

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.

It would seem that anyone who could consistently arbitrage a currency OR synthetically front run transactions would be able to capture a great deal of value extremely quickly. Further, they should have an easily identifiable and intelligible record of success. Have a pitch deck ready if you don't already.

Either one should either generate the capital you need, get your system bought by a big player, or get you hired with a big salary by a big player.

Let us know how it turns out!

Re: Coinbase releases professional trading platform for institutional clients

#58

What does this mean for Gemini?

I think Gemini was the first in NY to launch institutional features back in late 2016[1], including the hallowed custodial service. My understanding is that without a qualified custodian[2][3], hedge funds with assets under management greater than $150M were unable to invest in said securities because they need(ed) a qualified custodian beyond this limit.

[1] https://medium.com/gemini/gemini-licensed-custodial-services...

[2] https://www.sec.gov/rules/final/ia-2176.htm

[3] https://www.reuters.com/article/us-crypto-currencies-funds/l...

Re: Coinbase releases professional trading platform for institutional clients

#60
post #46

Earlier quoted context omitted.

> 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 does low latency buy you in crypto trading? What sort of strategies are people running that requires low latency?

the simplest is to monitor prices on multiple exchanges and buy/sell depending on fluctuations.

You mean Exchange Arbitrage? There's already a 20 something kid doing this and claims to be making millions in profits.[1]. Asian exchanges typically have slightly higher prices than US and European exchanges. They also react a lot worse to bad news and go lower than in US, European exchanges.

[1] Source: Stefan Qin, Virgil Capital founder on CNBC - https://www.cnbc.com/video/2018/02/27/one-hedge-fund-manager...

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