Popular US crypto exchange Coinbase (COIN) announced that it has acquired One River Digital Asset Management, which provides crypto services to institutional customers.
Coinbase, to the US Securities and Exchange Commission (SEC) announced the acquisition of registered corporate digital asset manager One River Digital Asset Management. This step is taken by Coinbase. to corporate customers was launched as an entry. The deal was the result of an ongoing year of negotiations between the two companies.
company name Coinbase Asset Management current administrator when changing to Eric Peterswill continue to be CEO and CIO of One River.
Coinbase’s corporate product manager Greg Tusar In an interview about the development, he made the following statements:
It’s about wanting to bring more institutional capital to the crypto world. We hope to build a great asset management business on the other side of this crypto winter.
Details on the terms of the said purchase and the amount of the purchase were not included.