American bitcoin exchange Coinbase has signed an agreement with startup Caspian, which develops their own trading Protocol to improve its offer, focused on professional traders and financial companies.
Under the deal, Coinbase Pro integrates the “full range” instruments Caspian to provide our customers with additional opportunities for trade and portfolio management, said in a statement on Medium.
Coinbase Director of institutional sales Kayvon Pirestani said:
“Customers will be able to take advantage of the best elements of both platforms to access extensive historical data on market movements and a deep pool of liquidity Coinbase, combined with a set of tools for trading Caspian”.
Caspian offers “a comprehensive institutional-level platform for trading cryptocurrencies and risk management”. Currently it is connected to 25 trading venues, including Coinbase, Gemini, Bitfinex, Poloniex, Huobi, OKEx and Binance.
Caspian was launched last week as a joint project of the Hong Kong crypto-firms Kenetic and trading system Tora and already engaged in execution of orders, portfolio management and risk assessment for the most common asset classes. The project has attracted $16 million in pre-selling their tokens.
The firm also announced that cooperation with Coinbase is part of her plan “to connect institutional investors and active traders to multiple trading platforms through a single interface”.
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