This post was last updated on February 6th, 2020 at 01:47 pm
In this issue:
- Crypto exchange Bitso leads the way in US-Mexico remittances
- Bitcoin (BTC) turns 11 as its hash rate hits all-time highs
- Aragon puts juries on the blockchain
- Binance & MyCrypto’s Ambo add fiat on-ramps
We also cover the growing decentralized finance (DeFi) sector, which continues to break new ground in lending, cryptoasset trading, and savings products.
All that and more in this week’s issue. But first, here’s some…
🚀 Updates From Nomics
- Nomics Update #1: The Market tabs for each exchange on Nomics.com now includes an “Unmapped” section that lists markets for which we have data but haven’t yet mapped. A market can go unmapped for several reasons. The market ID (used by the exchange) could be difficult to parse or there may be an issue with the symbol used for the base or quote currency. For a look at the new section, check out the OKEx Markets tab.
- Nomics Update #2: Flippening episode #66, A Cryptoeconomic Designer’s View of Markets, is live on our blog. In the episode, we meet Matt Chwierut, co-founder and Director of Research at Smith + Crown, a blockchain research organization. We discuss cryptoeconomic design, market trends, the evolving case for Bitcoin, and more.
- Nomics Update #3: On January 9th, we held a Flippening Podcast [LIVE] webinar with Camila Russo, founder of The Defiant, a daily newsletter focused on the DeFi space. In the webinar, titled Ethereum’s Untold History & Defying Future, we cover the history of Ethereum and the promise of decentralized finance, most of which runs on the Ethereum blockchain. Replay available here.
And now, let’s see what the cryptocurrency world has brought us this week.
This post was last updated on July 11th, 2019 at 05:58 pm
Part 1 Description
Coinbase Custody’s clients include PolyChain Capital, Multicoin Capital (who we’ve had on this podcast, by the way), Autonomous Partners, and Walden Bridge Capital. Coinbase Custody’s mission is to make digital currency investment accessible to every eligible financial institution and hedge fund in the world.
Before Sam was running Coinbase Custody, he was VP of Engineering at Apex Clearing Corporation.
As a side note,I’ve been to several crypto conferences for institutional investors and heard several unremarkable conversations about custody. This is not one of them.
Sam is on point throughout this entire interview and this conversation results in a fantastic episode that will likely leave you with much to consider.
Part 2 Description
Whereas the first part of this conversation was focused on custody, the second part of this conversation focuses more generally on the suite of institutional products that Coinbase is rolling out, including their prime brokerage offering.
We also discuss how Coinbase markets, which provides a shared pool of liquidity for all of Coinbase’s products…. is both an internal service provider to the rest of Coinbase and a product available to market makers and high-frequency traders.
I should mention that if you want to discuss these topics or this podcast episode, feel free to join us on our telegram group at NomicsTelegram.com
Topics Discussed In These Episodes
- Why custody in the traditional financial world is a solved problem and a commodity, and why things are so much more difficult when it comes to crypto assets.
- The spectrum of options and dimensions that exist for solving the institutional custody problem with regards to crypto assets.
- Coinbase’s regulatory posture.
- How Coinbase scales key management, key generation ceremonies, and thinks about security.
- Insurance coverage of stored crypto assets at Coinbase.
- Why Coinbase is going to great lengths to separate its various institutional offerings.
- An overview of Coinbase’s suite of institution product offerings
- Why consumer products in the crypto space are optimizing for getting the greatest number of individual users, whereas institutional products are designed around servicing the greatest amount of capital
- How Coinbase Prime operates as a service layer on top of Coinbase’s products for institutional customers
- Coinbase’s forthcoming OTC offering
- The need for additional order types for cryptoassets
- A discussion of Coinbase’s soon to be shuttered index fund
We’d like to take this opportunity to thank our two sponsors, Panda Analytics and the Nomics API.
Aurora is a collection of blockchain applications and protocols that form a completely decentralized financial and banking platform. Founded by a group of blockchain enthusiasts who aspire to see digital currency flourish, Aurora aims to provide these decentralized financial solutions to anybody in the world, regardless of location and status.
Aurora’s first product—IDEX—is the first real-time decentralized exchange, and currently the #1 dApp in the world by daily users, transactions, and volume. IDEX achieved early success utilizing a hybrid design which carefully balances the speed and user experience of centralization with the security of blockchain.
However, that is only the beginning, as IDEX will evolve into a fully-decentralized exchange through AURA staking. This will allow users who hold and stake AURA tokens to run specialized nodes that perform various exchange functions. In return, they will be rewarded with the fees collected by IDEX as well as all future Aurora products. Learn more by visiting AuroraDAO.com.
If investing is not your full-time job, but you still want to get into crypto and blockchain, what cryptocurrencies should you consider when making an investment decision?
One popular solution is a portfolio of crypto assets selected and rebalanced on a regular basis. Panda Analytics is a crypto index research and management company that has software tools which allow you to construct a passive index tailored to your risk level and help you execute the strategy, automating the tedious rebalancing work. Also, Panda created the world’s first Proof-of-Work index fund, a low-cost, complexity-free investment vehicle allowing you to diversify into crypto. If you want to learn more about their index fund and tools, please check the website at PandaAnalytics.com.
The Nomics API offers squeaky clean and normalized primary source trade data offered through fast and modern endpoints. Instead of having to integrate with several exchange APIs of varying quality, you can get everything through one screaming fast fire hose. If you found that you or your developer have to spend too much time cleaning up and maintaining datasets, instead of identifying opportunities, or if you’re tired of interpolated data and want raw primary source trades delivered simply and consistently with top-notch support in SLAs, then check us out here.[Read more…] about [Podcast] Institutional Cryptoasset Custody w/ Sam McIngvale of Coinbase Custody – (Eps. 0028 – 0029)