Tagomi Trading LLC

Tagomi Trading LLC, based in the US, is a prime brokerage firm that specializes in cryptocurrency trading and asset management for institutional investors, providing comprehensive services and advanced trading tools. Founded in 2018 and headquartered in Chicago, US, Tagomi Trading LLC is a firm dedicated to facilitating cryptocurrency trading for institutional clients. The company was established by Greg Tusar and Jennifer Campbell. In May 2020, Tagomi was acquired by Coinbase Global, Inc.

for an undisclosed amount. The firm has completed a total of 5 deals, with its most recent deal occurring on May 27, 2020. The latest funding round raised USD 12. 00 mn, led by Paradigm Fund and included several notable investors such as 9Yards Capital, Dragonfly, and Multicoin Capital.

Tagomi Trading LLC operates as a full-service prime brokerage platform designed for institutional investors, offering a comprehensive suite of products for crypto trading and asset custody. Key features include advanced trading tools enabling clients to execute trades across multiple exchanges and professional-grade custody services for securely storing a wide range of digital assets. The firm targets various clients, including financial institutions and ultra-high-net-worth individuals across North America, Europe, and Asia. The revenue model for Tagomi Trading LLC relies primarily on transaction fees from trading activities and fees from custody services.

Institutions using Tagomi can enter into agreements that may involve subscription-based pricing for access to its trading tools and custody solutions. Fees can vary based on asset volume under custody or transaction volumes processed through the platform, allowing the company to monetize its range of institutional services effectively. Moving forward, Tagomi Trading LLC plans to leverage its new resources following the acquisition by Coinbase to enhance its product offerings and market reach. There are intentions to expand into additional geographic regions with a focus on European and Asian markets, capitalizing on the growing demand for cryptocurrency services in these areas.

The funding from the latest round will support the development of new products and technologies aimed at improving client experience and expanding institutional adoption of cryptocurrency trading solutions.