Coinbase, a crypto exchange headquartered in San Francisco, California, in a recent blog post on Tuesday, Jan. 22nd 2019, announced the immediate availability of new features and services in its bid to ease trading for its high-volume customers in Asia & Europe.
Now, high-volume Coinbase Pro and Prime customers across Eurasia will be allowed international wire transfers to fund their Coinbase accounts, and select Coinbase customers will be allowed access to Coinbase’ OTC trading desk and Coinbase custody services.
Coinbase Custody service, which aims to make digital currency investment accessible to every eligible financial institution and hedge fund in the world, was launched last year in Jul. 2018, and in Oct. 2018, the service got the New York state regulator’s approval to roll out the cryptocurrency custody service in the state of New York. And the exchange’s OTC (over-the-counter) trading desk service, which was launched in Nov. 2018 allows traders and investors to directly trade in large volumes with each other.
In 2018, institutional investors were increasingly targeted for cryptocurrency market products. Last year, in Nov. 2018, Silver Castle Ltd., an Israeli company launched Israel’s first dedicated crypto investment firm targeting institutional investor. And earlier this month, on Thursday, Jan. 10th 2019, Seed CX, a crypto exchange platform based in Chicago, announced the launch of its digital asset wallet solution with the on-chain settlement, targeting institutional investors and clients.