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Coinbase Acquires Crypto Brokerage Platform Tagomi, Highlights Focus on Institutions

News
Wed, 05/27/2020 - 13:32
Vladislav Sopov
Institutional adoption is one of the mottos of top cryptocurrency market figures in 2020. The long-awaited acquisition of Tagomi proves that Coinbase is no exception
Coinbase Acquires Crypto Brokerage Platform Tagomi, Highlights Focus on Institutions
Cover image via stock.adobe.com
Contents

The leading US cryptocurrency exchange ecosystem Coinbase has confirmed that it has reached an agreement with the Tagomi brokerage platform on its acquisition. What does this mean for the blockchain segment?

Acquisition confirmed

In an official statement, the Coinbase team has announced that they agreed to acquire Tagomi, an institution-level crypto brokerage platform. Through this expansion, Coinbase plans to advance its presence in the crypto infrastructure of the world’s top hedge fund and macro investors.

Coinbase highlights that this acquisition is one more step on its path to dominance in institutional cryptocurrency services. Previously, it upgraded Coinbase Custody and launched special margin trading options for institutions.

Segregated portfolio features were implemented for further diversification of large trader strategies.

Lastly, the platform hired a dedicated officer, Brett Tejpaul, the Head of Institutional Coverage, to curate this aspect of adoption.

Upgrade for the leadership

Within the business structures of Coinbase, Tagomi will account for the advance of professional trading functions. First and foremost, the new branch will offer prime brokerage services.

With this acquisition, Coinbase will be able to provide services to top clients they have come to expect in forex and equities trading.

This acquisition is subject to further approval from regulatory bodies. So, the Coinbase team expects it to be closed by the end of the year.

As we recently reported, Coinbase CEO Brian Armstrong has also hinted at an upgrade to the user interface of his service.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
Cover image via stock.adobe.com
Contents

John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
Related
Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)