Coinbase Acquires Crypto Asset Manager One River Digital in Bid to Spur Growth By DailyCoin

• One River Digital is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC).
• Coinbase (NASDAQ:) was an early investor in One River Digital.
• The acquisition of One River Digital will form Coinbase’s asset management business and offer “advisory services to a range of new and existing institutional clients.”

Coinbase, one of the largest centralized crypto exchanges in the world, is stepping up its asset management game.

On Friday, Coinbase announced that it has acquired One River Digital, an asset management firm focused on cryptocurrencies that Coinbase was an early investor.

https://twitter.com/coinbase/status/1631674994584350721?s=20
Coinbase said the acquired firm “will form the foundation of Coinbase Asset Management and offer investment advisory services to a range of new and existing institutional clients.”

“Coinbase and [One River Digital] share an ethos grounded…

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