Coinbase is looking to lure institutional investors to join the cryptocurrency market.
– Coinbase offers four products to institutional investors to lure them in.
– The company’s vice president says this will let them earn $10 billion if successful
– The company aims to convince these investors that there’s nothing to worry about.
Institutional investors are a bit wary about getting into Coinbase or the cryptocurrency market in general. That’s because they don’t like its volatile nature.
However, Coinbase has introduced four new products aimed at luring institutional investors.
These products are called Coinbase Prime, Coinbase Custody, The Coinbase Institutional Coverage Group, and Coinbase Markets.
Coinbase aims to address some of the problems which hinder institutional investors from leading a rise in the cryptocurrency market.
One of these problems is security. When it comes to traditional banks, there is a sense of security when fiat money is stolen, as there is insurance.
However, in cryptocurrency, it’s close to impossible to regain the funds that have been stolen.
Read more about the article written by Kate Rooney at – https://www.cnbc.com