Coinbase added another notch to its steadily institutionalizing belt, partnering with Caspian, a fledgling pro trading and risk management platform for cryptocurrency.

The venture will see Coinbase add Caspian’s “sophisticated trading and portfolio management functionality” to its institutionally-oriented arms–Coinbase Pro and Coinbase Prime–and may extend to further collaboration in the future, a press release on Medium reports.

The news comes days after the launch of Caspian’s own “full-stack crypto asset management solution for institutions,” a joint venture between trading technology provider Tora and blockchain investment firm Kenetic–allowing institutional traders to interface with multiple exchanges concurrently and executing orders across 25 major exchanges including Coinbase, BitMEX, Gemini, Bitfinex, Poloniex, Huobi, OKEx, BitFlyer and Binance.

Caspian’s CEO Robert Dykes explained the context for his young platform, giving a nod to Coinbase’s apparent interest in turbocharging the institutionalization of crypto. He stated:

“Our goal at Caspian has always been to make it is as frictionless as possible for professional traders and investors to trade and manage portfolios of cryptocurrencies in order to drive exponential growth in this market and we’re delighted that Coinbase shares this vision.”

The deal will also see Coinbase’s larger customers tap into Caspian’s “comprehensive” trading algorithms and Smart Order Router, which would build on Coinbase’s “extensive range of institutional product offerings.”

Where it may have gained its name as a retail brokerage for crypto, the recent efforts of Coinbase to build infrastructure for a veritable flood of institutional capital would escape few. Indeed, with its recently launched custodian and prospective ETF, as well as steadily expanding the Coinbase Pro trading platform, the San Francisco-based firm may be looking to reel in the bigger fish with Caspian’s trading technology.

Kayvon Pirestani, Director of Institutional Sales at Coinbase, said as much:

“Customers will be able to take advantage of the best elements of both platforms — accessing Coinbase’s extensive historical market data and deep pool of liquidity, and combined with Caspian’s suite of seamless trading tools. We see this partnership as not only a tremendous commercial opportunity, but as a chance to truly move forward the institutional adoption of crypto as a mature, tradable asset class.”