Coinbase has announced it hired Greg Tusar, Tagomi Co-Founder, as Vice President of Institutional Products at Coinbase.
In May 2020, Coinbase officially confirmed it had acquired the crypto prime broker Tagomi.
The value of the acquisition could reach $70-100 million, meaning it is one of the largest acquisitions of the exchange to date.
According to an official press release, Tusar has been working in a range of electronic trading, technical infrastructure and market structure roles for over 30 years. He served as a partner and Global Head of Electronic Trading at Goldman Sachs, and Head of Client Market Making and Execution Services at KCG Holdings.
"Greg joins Coinbase at a time when many of the world’s top hedge funds and macro investors are entering the space and searching for the right infrastructure through which to engage with crypto," the exchange said.
At Coinbase, Tusar will focus on building Coinbase's institutional trading infrastructure and integrating Tagomi’s prime brokerage platform into the exchange's institutional product suite, including Coinbase Pro and Coinbase Custody.
Meanwhile, Coinbase is exploring the addition of another 19 cryptocurrencies, the exchange announced on Friday, July 31.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.
Coinbase admits the decision to support several assets may require significant technical and compliance review and may be subject "to regulatory approval in some jurisdictions."
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