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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

#31

Post by Mtinie »

notyourday wrote: post #28
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

Sure you do. A particular cryptotoken’s network transaction through-put is unrelated to the latency and max-events-per-time period of on-exchange trading.

Re: Coinbase releases professional trading platform for institutional clients

#32

Post by jcfrei »

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.

If you really do HFT trading I'd be more curious to know whether your algorithms can scale up and remain profitable with more exposure. If that were the case acquiring more capital shouldn't really be an issue for you.

Re: Coinbase releases professional trading platform for institutional clients

#33

Post by aristocles »

pastor_bob wrote: post #23

How about they get rid of wash trading first

Wash trading makes valuating the market on volume alone harder to do and therefore increases novel activity in the market, making old algo's obsolete and decreasing risk temporarily until the wash trading strategy is identified and made unprofitable.

Wash trading did nothing wrong.

Re: Coinbase releases professional trading platform for institutional clients

#34

Post by jbaudanza »

pbreit wrote: post #27
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?

They have developed a reputation for having poor, unresponsive consumer support. Try doing a twitter search for @coinbasesupport. At any given time, it's a horror show.

I personally discovered this after a time sensitive transaction took about 48 hours to complete because of a buggy deploy on their end. The only reason it didn't take longer was because I was able to track down a coinbase support employee on the bitcoin reddit.

Re: Coinbase releases professional trading platform for institutional clients

#36

Post by RasputinsBro »

jbaudanza wrote: post #34
pbreit wrote: post #27

Earlier quoted context omitted.

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?

They have developed a reputation for having poor, unresponsive consumer support. Try doing a twitter search for @coinbasesupport. At any given time, it's a horror show. I personally discovered this after a time sensitive transaction took about 48 hours to complete because of a buggy deploy on their end. The only reason it didn't take longer was because I was able to track down a coinbase support employee on the bitco…

So this seems to be a pattern. The link that I posted elsewhere in this thread and the occurrence there was precisely because of poor support. (Again, I'm not affiliated with that guy in any way)

Re: Coinbase releases professional trading platform for institutional clients

#37

Post by [deleted] »

jbaudanza wrote: post #34
pbreit wrote: post #27

Earlier quoted context omitted.

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?

They have developed a reputation for having poor, unresponsive consumer support. Try doing a twitter search for @coinbasesupport. At any given time, it's a horror show. I personally discovered this after a time sensitive transaction took about 48 hours to complete because of a buggy deploy on their end. The only reason it didn't take longer was because I was able to track down a coinbase support employee on the bitco…

[deleted]

Re: Coinbase releases professional trading platform for institutional clients

#38

Post by oceanghost »

jbaudanza wrote: post #34
pbreit wrote: post #27

Earlier quoted context omitted.

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?

They have developed a reputation for having poor, unresponsive consumer support. Try doing a twitter search for @coinbasesupport. At any given time, it's a horror show. I personally discovered this after a time sensitive transaction took about 48 hours to complete because of a buggy deploy on their end. The only reason it didn't take longer was because I was able to track down a coinbase support employee on the bitco…

Same. They accidentally repeated a buy I'd made 5 or so times-- and it took almost a month for the coins to appear in my account.

I ended up making a couple bucks off the deal. But I can't help but think how badly it could have gone.

Re: Coinbase releases professional trading platform for institutional clients

#39

Post by anfogoat »

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...

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