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