Coinbase to Open Chicago Office & Offer Block Trading
Cryptocurrency exchange Coinbase is preparing to open an office in Chicago and add support for block trading in a bid to attract more institutional clients to GDAX, its professional trading platform. According to Business Insider, the block trading will allow traders to place large orders outside of the exchange's normal order book mitigating the effect that large orders have on the cryptocurrencies' exchange prices. However, Coinbase has not made any official announcements on either of these matters.
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