Marex Solutions, a division of Marex Group that specializes in customized derivative products, and Coinbase Prime, a crypto-custodian and prime brokerage, today announced a new partnership that will broaden both companies’ institutional crypto investment and hedging capabilities.
The partnership will allow both firms to expand their respective crypto product offerings, with Marex Solutions and Coinbase Prime’s institutional clients gaining access to a broader universe of structured products based on underlying crypto-assets.
Coinbase Prime’s agency-only model suits Marex Solutions’ derivatives engine, allowing for multi-venue liquidity and best execution, enabling attractive pricing and stable secondary market liquidity.
With institutional customers wanting access to more than just the underlying asset, Marex now offers a broad range of products within a wide list of crypto-underlyings, either in a securitized or in an over-the-counter (OTC) format. It already has several innovations in the crypto market, including the first-ever auto-callable on a cryptocurrency and the first-ever securitized cash, and a carry trade on bitcoin.
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