Institutional appetite for on-chain activity is heating up, says Coinbase's VP
Kevin Johnson is Coinbase's VP of Institutional Sales and Trading.
In this episode, Johnson shares the details behind Coinbase Prime's new web3 wallet designed to give institutional and enterprise clients secure and direct access to web3, DeFi, and various onchain operations.
As Johnson explains, "It was always in our plans to take the great centralized tools that we had built with those multi user capabilities and eventually bring those on on chain for clients."
The new non-custodial wallet offers features such as storing any tokens, DEX aggregation, intuitive risk controls and customizable workflows — all integrated with Coinbase Prime's battle-tested security measures.
The State of Institutional Money & Crypto with Tagomi Co-Founder Marc Bhargava & COO Kevin Johnson
When Tagomi came out of stealth mode in 2018, the need for a crypto prime broker was a commonplace talking point in the digital asset world. An independent broker, sitting in between the spine-tingling market and investors, would help lure larger asset managers to bitcoin, pundits said. Indeed, two years later even Tagomi has been disappointed by the lack of asset managers in the market and their focus on best execution, although important, is no longer core. Still, even though the firm's conception of a crypto prime broker has changed, it sees other opportunities on the horizon.
In this episode of The Scoop we explore:
How the firm has adapted when the institutional wave of asset managers fell apart
How the notion of a crypto prime broker has changed since the company's founding
How Tagomi can serve traditional technology companies entering the market, such as Facebook Libra and Robinhood
Examine the on-boarding process for large institutional investors
Why the firm does not want to service retail clientele
Why the firm is bullish on Libra
How Tagomi Makes Large Crypto Trades Cheaper and More Efficient - Ep.118
Jennifer Campbell and Kevin Johnson, cofounder and COO, respectively, of Tagomi, describe how Tagomi helps institutional players make larger crypto trades more efficiently and at the best price possible, plus analyze how that was executed. They contrast it with the pre-Tagomi process for doing large crypto trades, how their software, which functions as a sort of "Kayak.com" for crypto trading, works on the backend, and how they keep funds held on exchanges secure. Plus, we compare today's crypto trading infrastructure to the early days of electronic trading in traditional financial markets, and look down the road at how they'll accommodate trends such as staking and decentralized exchanges.
For more, check out the full show notes on Forbes.com: http://www.forbes.com/sites/laurashin/2019/05/07/how-to-make-large-crypto-trades-without-moving-the-market/
Thank you to our sponsors!
ConsenSys/Ethereal: Head to Etherealsummit.com with my discount code LAURA20 to get 20% off tickets to Ethereal Summit New York, May 10th to 11th at Pioneer Works in Brooklyn.
CoinDesk/Consensus: Since 2015, Consensus has been recognized as the most influential blockchain and digital assets event of the year. Hot-button topics such as adoption challenges, privacy,blockchain innovation, capital formation and more take centerstage as experts and pioneers give voice to the new developments and innovations occurring around the globe. Don’t miss this three-day experience! Register today: www.consensus2019.com. Use promo UNCHAINED300 to save $300 on your pass.
CipherTrace: https://ciphertrace.com/unchained
Episode links:
Tagomi: https://tagomi.com
Twitter: https://twitter.com/tagomisystems
Forbes article on Tagomi: https://www.forbes.com/sites/jeffkauflin/2019/02/15/crypto-finance-grows-up-tagomis-new-tools-could-draw-institutions-into-the-crypto-market/#6c9bf98c13a0
Bloomberg video featuring Jennifer and Greg: https://www.bloomberg.com/news/videos/2019-03-04/meet-tagomi-the-end-to-end-crypto-solution-video
Bloomberg article on comparisons to early days of electronic trading in equities: https://www.bloomberg.com/news/articles/2018-12-17/former-goldman-electronic-trading-head-sees-parallels-in-crypto
WSJ Article on Tagomi: https://www.wsj.com/articles/peter-thiel-backed-venture-to-help-big-investors-bet-on-bitcoin-1525176121
Tagomi receiving BitLicense: http://fortune.com/2019/03/27/bitcoin-peter-thiel-tagomi-bitlicense/
Learn more about your ad choices. Visit megaphone.fm/adchoices