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Coinbase Prime

What is Coinbase Prime?

Coinbase Prime is a full-service prime brokerage platform with integrated trading, financing, and custody solutions. Everything institutions need to execute trades and custody assets at scale.

Key Features of Coinbase Prime

  • Integrated Trading, Financing, and Custody
  • Connect to many of the largest and most liquid exchanges and trading venues. Access comprehensive financing solutions for capital efficiency and secure custody for a wide range of assets.
  • Crypto Prime Financing
  • Tap into a suite of financing solutions, including lending, margin, and shorting, to fine-tune trading strategies for bull and bear markets.
  • Full-Service Prime Brokerage
  • Customize your Coinbase Prime experience with full trading functionality or a secure custody-only solution that offers staking, governance, and more.

Use Cases of Coinbase Prime Data in Accounting

Accurate Cost Basis and Weighted Average Cost (WAC) Calculation

Sync comprehensive data from Coinbase Prime and other relevant platforms. Utilize Coinbase Prime data to calculate precise cost basis and Weighted Average Cost (WAC), facilitating accurate financial reporting and compliance.

Enhanced Reporting with Digital Asset Insights

Integrate Coinbase Prime data alongside information from various platforms and protocols. Leverage Cryptoworth to produce detailed reports, including Gain/Loss statements specific to digital asset transactions, providing a holistic view of financial health and insights for strategic decision-making.

Visit their official website to learn more:
https://prime.coinbase.com
Accounting Features Supported for
Coinbase Prime
Unrealized G/L & Impairment Calculation
Soon
Reconciliation & Sanity Checks
Soon
DeFi Protocols
Soon
NFTs Valuation
Soon
Automated Rule Categorization
Soon
Integration to ERPs, QBO, Xero, Netsuite, etc.
Soon

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