🔴Prime Broker’ Buzzword Represents a Complex Strategy Game for Crypto Firms
🔺Three major crypto firms – Coinbase, Genesis Trading and BitGo – have almost simultaneously announced plans to become prime brokers, a kind of fixer when it comes to financing and facilitating trades for institutional investors.
“Some people are getting into prime brokerage, not based on a vision, but really because they are looking for the next big thing – and they don’t know what it is. So they are going after the buzzword,” said Boonen CEO of cryptocurrency liquidity provider B2C2.
#cryptocurrency
#cryptonews
#cryptofirm
#capitalmarket