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Coinbase, the largest cryptocurrency exchange in the United States, has recently opened an office in New York City. Instead of selling cryptocurrency to regular individual investors as it has been, the purpose of the New York City office has been to attract and meet the needs of institutional investors.
The New York office manages the newly launched Coinbase Index Fund, which allows institutional investors to invest in cryptocurrency, the latest Coinbase office, currently employs 20 people, many of them recruited directly from traditional financial organizations the New York Stock Exchange plans a huge expansion plan.
Coinbase plans to recruit another 150 financial professionals to work in the New York branch, suggesting institutional interest in crypto currency investment is increasing.
Do you think institutional investors are the people to get on board for cryptocurrency?
@tradewonk