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Coinbase releases professional trading platform for institutional clients

prime.coinbase.com

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Re: Coinbase releases professional trading platform for institutional clients

#61

Post by gdaxthrowaway »

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…

I've made almost $500k within a year. I don't run a bot and I don't have a financial background.

Re: Coinbase releases professional trading platform for institutional clients

#62

Post by CryptoPunk »

btown wrote: post #7
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…

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

The regulated financial sector is incredibly concentrated, and often it became regulated as a result of lobbying by large financial firms. New York's Bitlicense for example was lobbied for by banks and it resulted in all but the largest cryptocurrency firms exiting New York.

Re: Coinbase releases professional trading platform for institutional clients

#63

Post by CryptoPunk »

sokoloff wrote: post #53
anfogoat wrote: post #39

Earlier quoted context omitted.

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.

They make it a federal crime to offer securities to non-wealthy people. Characterizing all such offers as scams is a prejudicial over-simplification, and the kind of sweeping and presumptive generalization that rationalizes repression.

Re: Coinbase releases professional trading platform for institutional clients

#66

Post by lisbakke »

chollida1 wrote: post #25
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 con…

You're probably thinking of my post from a few weeks ago in this thread https://news.ycombinator.com/item?id=16922538

I'm tracking order positions with an in memory orderbook. When gdax accepts my order I know where I end up. I average spot 1.45 when the spread changes. It's hard to get closer to perfect 1.00 because of limit taker orders which, if placed right, always get 1.00 after the taker portion is calculated and the maker is placed 1 cent from other other side.

Re: Coinbase releases professional trading platform for institutional clients

#68

Post by ataturk »

subcosmos wrote: post #5
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!

Coming soon, CDOs (Coin-Debt-Obligations)!

Probably! My biggest issue with all this crypt hoo-ha is that the pigs from Wall Street who know a great scam when the see one went into cryptos with both feet. What does that tell you?

Re: Coinbase releases professional trading platform for institutional clients

#69

Post by lisbakke »

pwhelan wrote: post #57
lisbakke wrote: post #18

Earlier quoted context omitted.

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…

Will do, thanks for the advice!

Re: Coinbase releases professional trading platform for institutional clients

#70

Post by sokoloff »

CryptoPunk wrote: post #63
sokoloff wrote: post #53

Earlier quoted context omitted.

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.

They make it a federal crime to offer securities to non-wealthy people. Characterizing all such offers as scams is a prejudicial over-simplification, and the kind of sweeping and presumptive generalization that rationalizes repression.

No, they made it a federal crime to offer non-registered securities to non-wealthy people.

Registered securities (stocks, bonds, mutual funds, etc.) are widely available to non-wealthy people and are probably a better investment for most of them, frankly, because of the concentration of risk inherent in a small dollar portfolio of non-registered securities and the idea that registered securities will have some standardized reporting requirements and that one could rely on the market to do a certain amount of due diligence and price discovery.

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