They're going to give new tools to institutional traders. Co-location, FIX market data, lending & margin financing products, professional crypto secure storage ('coinbase custody') etc. etc. They'll be faster than non-institutions and have trading options unavailable to the rest of us.
Right now, the institutions have to play on a level playing field with us one-man teams.
This suite of products will give them their pay-to-win advantages to keep us little guys from being the fastest and best in the market.
I have the fastest bot on GDAX right now, that will only last until these new services are introduced -- since I can't afford to pay $XXk a month for the privilege.
Edit: If you're reading this from your chair at a HFT firm, send me a message if your company is interested in the fastest bot :)
Read this https://blog.coinbase.com/coinbase-institutional-deea317d23a...
Right now, the institutions have to play on a level playing field with us one-man teams.
This suite of products will give them their pay-to-win advantages to keep us little guys from being the fastest and best in the market.
I have the fastest bot on GDAX right now, that will only last until these new services are introduced -- since I can't afford to pay $XXk a month for the privilege.
Edit: If you're reading this from your chair at a HFT firm, send me a message if your company is interested in the fastest bot :)