View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
May 28, 2020

Coinbase to acquire crypto prime brokerage platform Tagomi

US-based digital currency exchange Coinbase has agreed to acquire crypto prime brokerage platform Tagomi.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

The financial terms of the deal were not disclosed.

Tagomi was launched around 18 months ago as a digital asset trading firm. The platform now serves several traders, hedge funds and family offices.

With this acquisition, Coinbase seeks to bolster its offerings for advanced traders and institutional investors.

The move comes at a time when the digital currency exchange has stepped up efforts to improve its offerings for professional investors.

Coinbase has developed several advanced features such as margin trading for institutional investors as well as other tools to support investors with their trading strategies.

In a blog post, the company said: “The addition of Tagomi will round out our product suite for the fast-growing institutional trading market.

“It will allow us to offer custody, professional trading features, and prime brokerage services on one platform, giving sophisticated investors the seamless, powerful trading experience they have come to expect in equities and FX markets.”

The acquisition is expected to complete later this year, subject to customary closing conditions including regulatory approvals.

Established in June 2012, Coinbase operates as a digital currency platform as enables users to transact in crypto currencies.

The company is based in San Francisco, California.

In August last year, Coinbase acquired the institutional business of crypto wallet provider Xapo.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International