Coinbase ($COIN) Partners with 3iQ and Tetra Trust to Advance Crypto ETP Ecosystem in Canada
September 21, 2022 – TheNewswire - Leading cryptocurrency platform Coinbase (COIN) has announced a new collaboration with Canadian investment fund manager 3iQ and digital currency custodian Tetra Trust. The partnership will look to provide Canadian investors with safe and secure ways to access a full range of 3iQ’s cryptocurrency offerings.
As part of the collaboration, both Coinbase and Tetra Trust will serve as custodians for 3iQ’s exchange traded products, which will include the \CoinShares Bitcoin ETF (TSX: BTCQ), Bitcoin Fund (TSX: QBTC), Ether ETF (TSX: ETHQ) and Ether Fund (TSX: QETH). Additionally, 3iQ has selected Coinbase prime to prodive crypto trading and prime brokerage services.
Steve Capozza, Director of Coinbase Institutional Sales commented: "Coinbase is proud to be partnering with 3iQ as their exclusive prime broker and as a custodian partner along with Tetra. With powerful financing capabilities and flexible operational workflows, our solution helps ETP issuers bridge the gap between the world of T+2 settled traditional securities and instantly-settled crypto assets."
Founded in 2012, 3iQ is Canada's leading digital asset investment fund manager with more than $700 million in assets under management. Tetra Trust meanwhile is Canada's first and only trust company licensed to custody digital assets.
Shares of Coinbase trade on the NASDAQ under the ticker symbol COIN. For more information visit www.greenstocknews.com.
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