Coinbase buys Routefire to boost institutional Bitcoin offering

The terms of the deal were not disclosed. It is Coinbase’s first acquisition of 2021. The website of the San Francisco-based Routefire shows a team of seven led by CEO Jason Victor. In 2020, Coinbase’s acquisition of crypto prime broker Tagomi helped the exchange execute large Bitcoin buys for MicroStrategy, One River Digital, and potentially others.

As institutional interest in Bitcoin as ‘digital gold’ continues to ramp up, other firms might seek to strengthen their prime brokerage offerings. According to CoinDesk, prime brokerage refers to a suite of services tailored to the needs of deep-pocketed investors.

Sourse: thepaypers.com

Start mining bitcoin now

Start trading bitcoin now

Category: News | Views: 39 | Added by: danyagames2007 | Tags: #Bitcoin #Bitcoi Price #BTC | Rating: 0.0/0
Total comments: 0
Name *:
Email *:
Code *:
Buying the Bitcoin Dip: MicroStrategy Scoops $10M Worth of BTC Following $7K Daily Crash (0)
MicroStrategy buys the Bitcoin dip worth $10 million (0)
Bitcoin is unlikely to replace gold as a risk diversifier – DBS Bank (0)
Demand for Bitcoin Miners Pressures Chip Makers Amid Global Shortage (0)
OKCoin to Integrate Bitcoin’s Lightning Network in Q1 (0)
Bitcoin's biggest mining pool may be behind the BTC price drop, but buyers stepped in (0)
Grayscale Acquires $1,276,147,151 in Bitcoin in Single Week (0)
Hive Blockchain Buys 6,400 Bitcoin Miners From Canaan, Capacity Reaches 1,229 PH/s (0)
Biden names new SEC and CFTC administration – curse or blessing for Bitcoin? (0)
Learn the basics of Bitcoin with some help from a pro (0)