Coinbase has seen a significant increase in institutional investors over the last 12 months. The recent Tagomi acquisition is necessary to ensure that Coinbase can properly cater to all of the traction it is receiving from its many institutional customers.
On acquiring Tagomi, Coinbase says the development will allow the exchange to offer a wider range of offers, on its platform:
“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.”