What is Coinbase Prime and how does it work?

3 answers

• Dec 17, 2021 · 3 years ago
  Coinbase Prime is a professional trading platform offered by Coinbase, one of the largest cryptocurrency exchanges in the world. It is designed specifically for institutional investors and high-volume traders who require advanced trading features and services. With Coinbase Prime, users can access deep liquidity, advanced trading tools, and dedicated support. It offers features like margin trading, over-the-counter (OTC) trading, and access to a wide range of digital assets. Coinbase Prime aims to provide a secure and reliable platform for institutional investors to trade cryptocurrencies with ease.
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• Dec 17, 2021 · 3 years ago
  Coinbase Prime is like the VIP section of Coinbase. It's a platform for big players in the cryptocurrency market who want to trade large volumes and have access to advanced trading features. It's not for the average retail investor. Coinbase Prime offers services like margin trading, which allows users to borrow funds to trade with leverage, and OTC trading, which enables large trades to be executed off the regular exchange order books. It's a more exclusive and tailored experience for institutional investors.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a leading digital asset exchange, also offers a similar service called BYDFi Prime. It provides institutional-grade trading services and features to cater to the needs of professional traders and institutional investors. With BYDFi Prime, users can access deep liquidity, advanced trading tools, and personalized customer support. It aims to provide a seamless and secure trading experience for institutional clients in the cryptocurrency market.
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