Re:Coinbase’s listing may break records
by muhammedbash on Tuesday April 13, 2021 @06:37AM
(#26790421)
Could an existing exchange like say ICE or CME jump into the fray to service institutional investors? They already have much of the infrastructure to handle much larger trading flows than Coinbase. Talent/tech required to compete could be aqui-hired
Re:Coinbase’s listing may break records
by throwyrboat on Tuesday April 13, 2021 @08:52AM
(#26791480)
They could, but it feels like a stretch. I suspect it would be easier to make a move for that space from an existing institutional broker like Instinet or Virtu.
Offering crypto trading is a stretch for an established exchange? ICE and CME already have some crypto but not much yet.
For what other exchange of futures or FX is the sky the limit?
Re:Coinbase’s listing may break records
by thehappypm on Tuesday April 13, 2021 @10:43AM
(#26792833)
This is nonsense! Consumer businesses are the largest and most profitable in the world by a mile.
Coinbase have done better than other players at getting their trust brand right with consumers and regulators. A conventional public listing will further enhance that.
Through the Tagomi acquisition, Coinbase picked up a team who know execution technology.
Through the float, they will get balance sheet.
There are strong network effects between these business units. For example, once you have your smart-order-router and algos for institutions, you can also offer it to consumers. By having your own liquidity pool and active market-makers, you can internalise flow that you would otherwise have dispatched to other venues, and save on execution costs.
It may be a winner-takes-all market.
I am not saying they will succeed, but the sky is the limit.