Coinbase Announces Acquisition of One River Digital Asset Management

Coinbase Exchange Company cryptocurrency in the united states acquired One River Digital Asset Management (ORDAM).

In a blog post on March 3, Coinbase said One River Digital will transition to Coinbase Asset Management, the “wholly owned independent business and affiliate” of the crypto exchange.

One River Digital is registered as an investment advisor under the United States Securities and Exchange Commission. and previously received investment from Coinbase to expand its operations.

As part of the acquisition, Coinbase said One River Digital’s team will join the crypto exchange and Peters will continue to lead the newly renamed company.

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