Coinbase Launches New Version of Prime Brokerage Trading Platform

According to Decrypt, Coinbase announced on Tuesday that it announced an update to its original Prime brokerage platform as part of its business plans to attract new businesses and consumers from Wall Street. Coinbase said this is the first time it has integrated all functions, including the ability to trade, store, and borrow cryptocurrency as a commodity. According to Coinbase, the equities and large companies division had more than 8,000 active users and $ 122 billion in assets as of March. Coinbase said in a blog post that the Prime reform program is aimed at banks, large investors and businesses looking to "add cryptocurrency to their balance sheets."