Institutional Investor Crypto Assets Held By Coinbase Grew By $14 billion since April

Since April, the volume of crypto assets of institutional investors, in storage Coinbase, Grow up on $14 billion in dollar terms. Now the total value of these assets is $20 billion.

According to
head of the department for work with institutional investors Bretta Tadpola (Wide tapeul), The cost of crypto activists belonging to qualified investors under the control of Coinbase was $6 billion in April this year. In seven months, this indicator has increased to $20 billion. Tedzhpol partly explained this growth by the acquisition of Coinbase of the Tagomi cryptocurrency platform in May.

“This radically changed our ability to serve institutional customers, who want to use the intellectual direction of applications and algorithmic execution ", – He said. “Our trading volumes are twenty times higher, than at the beginning of the year ".

According to Tedzhpol, Currently, the company measures the volume of incoming investments in BTC billions of dollars. He also said, that adding JP Morgan Chase as a banking partner and Deloitte as an auditor increased confidence in Coinbase. Tedzhpol joined the Coinbase team in the spring, after 25 years of work in the field of sales and trade in traditional financial markets.

Recall, that at the end of October Coinbase cryptocurrency exchange
On the release of Coinbase Card debit card in the USA. Users will be able to pay for goods with cryptocurrencies and receive cashback in XLM or BTC.