Coinbase has acquired a digital asset management firm 'to expand institutional access to digitalassets.' crypto cryptocurrency bitcoin
Cryptocurrency exchange Coinbase has acquired One River Digital Asset Management, an institutional digital asset manager and registered investment adviser with the Securities and Exchange Commission . This acquisition allows Coinbase “to expand institutional access to digital assets,” the crypto exchange said.Coinbase announced Friday that it has acquired One River Digital Asset Management , a subsidiary of One River Asset Management.
The acquisition aligns with our long-term strategy to unlock further opportunities for institutions to participate in the cryptoeconomy. Coinbase detailed that it is already serving many institutional investors. “As of Q4 2022, roughly 25% of the 100 largest hedge funds in the world by reported assets under management have chosen to onboard with Coinbase,” the crypto exchange said, adding:
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