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Coinbase acquires One River Digital Asset Management

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It is reported that Coinbase announced the acquisition of One River Digital Asset Management (ORDAM), an institutional digital asset management company and an …

Coinbase acquires One River Digital Asset Management

It is reported that Coinbase announced the acquisition of One River Digital Asset Management (ORDAM), an institutional digital asset management company and an investment consultant registered with the United States Securities and Exchange Commission (SEC). ORDAM will be transformed into Coinbase Asset Management Company (CBAM) and will operate as an independent business and a wholly-owned subsidiary of Coinbase.

Coinbase acquires One River Digital Asset Management, a digital asset management company

Interpretation of the news:


In recent news, Coinbase has shared that it has made an acquisition of One River Digital Asset Management (ORDAM), a digital asset management company, registered with the United States Securities and Exchange Commission (SEC). ORDAM was established in 2020 and has seen substantial growth since then, currently managing approximately $1 billion in digital assets, with investments from institutional investors.

One River Digital Asset Management has been acknowledged as a top digital asset fund, owing to its expertise in risk management strategies, and its venture into bitcoin trading. Coinbase seems to have taken note of these significant business strides and has decided to acquire the firm. This takeover will see ORDAM being transformed into Coinbase Asset Management Company (CBAM), which will operate as a wholly-owned subsidiary of Coinbase, but as an independent business.

The deal will allow Coinbase to significantly expand into the institutional digital asset management market, and contribute to the growth of Coinbase’s custody and trading business. CBAM will also allow Coinbase to offer a broader range of digital asset investment products to institutional investors that require robust regulatory and compliance policies.

CBAM will come with experienced and skilled personnel, including ORDAM’s CEO and co-founder, Eric Peters, who has extensive experience working in institutional finance. Peters will be joining Coinbase as well as ORDAM’s CIO, Sebastian Bea, and their team of professionals.

The acquisition of ORDAM by Coinbase is reminiscent of Fidelity’s entry into the cryptocurrency market. Fidelity is a large financial investment company that decided to invest in cryptocurrency trading back in 2018. Since then, Fidelity has continued to grow and excel in the industry. Coinbase seems to be following in Fidelity’s footsteps by focusing on institutional digital asset management.

The acquisition of One River Digital Asset Management seems to be a strategic move by Coinbase, and its expansion in this sector has the potential to significantly contribute to its growth. In the end, the acquisition will see Coinbase expanding its portfolio, gaining financial expertise, and offering more digital asset investment options to its customers.

In summary, Coinbase’s acquisition of One River Digital Asset Management marks a significant development in the company’s journey in digital asset management. It is a positive move that will allow Coinbase to gain even more market share in the growing cryptocurrency market, and continue to gain a bigger impact in the institutional digital asset management sector.

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