Prime Brokerage

Crypto Lender Nexo Enters Prime Broker Race, Enlists Chainlink for Audits

Crypto lender Nexo is preparing to enter the prime brokerage space with Chainlink-powered audits that bring more transparency to its operations. The Swiss lender announced an integration with the oracle provider on Wednesday. Chainlink will provide audit trails for Nexo’s lending and borrowing operations, revealing how the firm handles user collateral, Nexo CEO Atoni Trenchev …

Crypto Lender Nexo Enters Prime Broker Race, Enlists Chainlink for Audits Read More »

Private Swiss Bank Rolls Out New Premium Crypto Trading Service

Private Swiss bank Maerki Baumann’s new crypto trading service shows there’s a growing market for providing premium execution for an institutional or wealthy clientele. The entity promised its new crypto trading and custody service would provide clients with the best trading experience in a blog post last week. “The trading orders placed with Maerki Baumann …

Private Swiss Bank Rolls Out New Premium Crypto Trading Service Read More »

Behind ‘Prime Broker’ Buzzword Lies a Complex Strategy Game for Crypto Firms

It’s probably no coincidence that three major crypto firms – Coinbase, Genesis Trading and BitGo – have almost simultaneously announced plans to become prime brokers, a kind of fixer when it comes to financing and facilitating trades for institutional investors. This type of vertical integration happens in every business, whether that’s Amazon running the internet …

Behind ‘Prime Broker’ Buzzword Lies a Complex Strategy Game for Crypto Firms Read More »

Crypto Custodian Anchorage Teases Growth Plan With 2 Executive Hires

Anchorage now has six executives in its C-suite, hiring a head of finance and head of sales with experience in both tech and Wall Street. Julie Veltman, who’s joining the crypto custodian as head of finance, has issued new asset-backed securitizations for Merrill Lynch’s Structured Product Capital Markets group. She also built out a broker-dealer, …

Crypto Custodian Anchorage Teases Growth Plan With 2 Executive Hires Read More »