U.S. multinational bank Citigroup is going to enable investors to work on cryptocurrency markets without actually having to own cryptos.
The new a16z crypto fund will be focused towards investing in cryptocurrency projects and companies with a long-term goal spanning to over a decade.
A great number of Coinbase users sent countless reports to the Securities and Exchange Commission, complaining that they had lost their funds.
The trading platform that has been around for three years is replaced with its improved analogue. The new solution specially designed for individual crypto traders is already available for users.
In the nearest future, regulated crypto custody services are believed to be introduced across the crypto industry and bring significant changes.
The latest report counters the conventional wisdom that the volatility in Bitcoin prices is due to short-term investors exchanging multiple hands.
Bogart said that despite the possibility of short-term headwinds in Bitcoin prices, the long-term story is bright as the space is getting largely institutionalized.
Along with Coinbase there were eight participants in this $8.2 million seed-funding round.
Providing the option of buying real estate for Bitcoin, Canter Companies is aiming to take advantage of the new class of crypto-rich investors.
By offering advanced products for institutional investors, Coinbase tries to satisfy their growing demands in the crypto sphere.