Coinbase to offer integrated infrastructure for all crypto financial services

Coinbase (COIN) has announced its plan to evolve beyond cryptocurrency custody and trading services into a comprehensive financial infrastructure provider, encompassing derivatives, tokenization, and stablecoin infrastructure. John D'Agostino, Head of Institutional Strategy at Coinbase, said the company's goal is to replace the back-end ledgers of financial settlement and clearing systems, which have seen no technological change for decades, with a faster, more cost-effective blockchain-based system. He emphasized that Coinbase aims to become a comprehensive prime broker offering a one-stop shop for various cryptocurrency financial services.