Coinbase Institutional provides clients a comprehensive solution for accessing crypto markets through advanced trading, financing and custody, built on top of a robust security infrastructure. Our trading platform Coinbase Prime, offers a state of the art marketplace with a deep pool of liquidity for transacting in crypto assets. For our ecosystem partners, we provide developers, merchants, and asset issuers a platform enabling them to build applications leveraging crypto protocols, actively participate in crypto networks, and securely accept cryptocurrencies as payment.
With ten years of building the cryptoeconomy, the Coinbase Institutional platform has grown from strength to strength. As of our latest first quarter 2022 shareholder letter, we have grown to over $256 billion of assets on platform - approximately 11.2% of the crypto asset market share. From this, $134 billion of our assets on the platform come from our 11,000+ institutional clients spanning across traditional finance, cryptonative and corporate institutions.