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Coinbase Acquires One River Digital Asset Management
source link: https://fintechranking.com/2023/03/03/coinbase-acquires-one-river-digital-asset-management/
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Coinbase Acquires One River Digital Asset Management
Cryptocurrency exchange Coinbase (COIN) said it bought One River Digital Asset Management, an institutional digital-asset manager, as it looks to expand beyond its core business catering to retail customers.
One River Digital, a U.S. Securities and Exchange Commission-registered subsidiary of One River Asset Management, will become Coinbase Asset Management and will “form the foundation” of Coinbase’s investment advisory service for institutional clients, the exchange said in a blog post Friday. Terms of the deal weren’t disclosed.
Read more: CoinDesk
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