Marex Options, a division of Marex Group that focuses on personalized spinoff merchandise, and Coinbase Prime, a crypto-custodian and prime brokerage, in the present day introduced a brand new partnership that can broaden each firms’ institutional crypto funding and hedging capabilities.
The partnership will enable each corporations to broaden their respective crypto product choices, with Marex Options and Coinbase Prime’s institutional purchasers getting access to a broader universe of structured merchandise primarily based on underlying crypto-assets.
Coinbase Prime’s agency-only mannequin fits Marex Options’ derivatives engine, permitting for multi-venue liquidity and finest execution, enabling enticing pricing and secure secondary market liquidity.
With institutional prospects wanting entry to extra than simply the underlying asset, Marex now presents a broad vary of merchandise inside a large checklist of crypto-underlyings, both in a securitized or in an over-the-counter (OTC) format. It already has a number of improvements within the crypto market, together with the first-ever auto-callable on a cryptocurrency and the first-ever securitized money, and a carry commerce on bitcoin.