Coinbase Reveals It Has Executed $1,000,000,000 Crypto Buys .

[Cristiano]

Coinbase has officially filed documents with the U.S. Securities and Exchange Commission (SEC) to go public, revealing it has executed $1 billion-plus crypto trades for “some of the largest institutions in the world.”

The US crypto exchange’s registration documents with the SEC have yet to become effective. When they do, Coinbase plans to list its stock on the Nasdaq under the ticker symbol “COIN,” according to a recent press release from the company.

Explains Coinbase,

“Coinbase has efficiently executed nine and ten figure trades for some of the largest institutions in the world. Clients have selected us for our track record in security, sophisticated execution platform, 24/7/365 white glove service, and focus on regulatory compliance.”

In order to answer their financial, regulatory and compliance-related questions, the exchange has  developed a guide for corporations who are interested in investing in the crypto space.

Coinbase’s ultimate goal is to become the go-to exchange for both institutional and retail clients as crypto continues to expand across mainstream sectors, according to the company’s SEC filing.

“Our goal is to become the primary financial account for our retail users and the one-stop shop for institutions’ crypto asset investing needs. To achieve these goals, we are developing and launching innovative products and services across our platform to serve each customer’s distinct needs. For example, in 2020 we launched support for post-trade credit to enable institutional customers to instantly invest in crypto assets without pre-funding their trade. For retail users, we have added support for staking, offering our users a simple way to earn rewards on their crypto asset holdings.

Coinbase Reveals It Has Executed $1,000,000,000 Crypto Buys for Some of the Largest Institutions in the World
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