Prime Broker' Buzzword Represents a Complex Strategy Game for Crypto Firms.
30 May 2020, 14:25
🔴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.
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