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The lowest trading volume tier is $1M-$20M a month -- totally different league. Also the fees start at .18% for takers and .08% for makers, quickly going down to near zero for institutions with large AUMs. Prime routes orders dynamically for optimal execution, including fees, so the largely made up notion that Coinbase is not competitive on fees is once again so far off, the reality is the opposite this time: prime is a highly competitive product for an important investor class from a trusted company in a space most institutional investors find confusing and perceive as somewhat dodgy. Are there other firms out there with the crypto nous and, crucially, the size to offer comparable products? This page about Kraken sounds great for individual/retail investors, though Coinbase Pro is competitive (but Coinbase isn't), but Prime should not be reviewed here. There's no comparing those kinds of trading services with those provided for retail clients.
You use what's called a Prime Broker and execute an OTC (Over The Counter) trade. Coinbase has one: https://primebroker.coinbase.com/. Source: about 3 years ago
Exchanges have their limits , coinbase does offer https://primebroker.coinbase.com/ for large amounts though. Source: about 3 years ago
I THINK their securities license covers their institutional services. Coinbase Prime. Source: about 3 years ago
I could be wrong though - it's worth looking into. But coinbase, who report to HMRC anyway, have an OTC - https://primebroker.coinbase.com/ - so it's not like "all OTCs are dodgy" at least. Source: about 3 years ago
Do you know an article comparing Coinbase Prime to other products?
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