Crypto exchange Coinbase has purchased One River Digital Asset Management (ORDAM) as the firm aims to improve its services and take advantage of the weak valuations of digital asset firms.
Coinbase announced in a blog that it acquired ORDAM, a “premier institutional digital asset and SEC-registered investment adviser.” The exchange further announced that ORDAM would transition to become Coinbase Asset Management (CBAM). CBAM is to operate “as an independent business and a wholly-owned subsidiary of Coinbase.” Coinbase said the decision to acquire ORDAM aligns with its long-term plans to “unlock further opportunities for institutions to participate in the cryptoeconomy.”
Coinbase’s blog reads:
In furthering our goal of bridging the gap between institutions and the cryptoeconomy, we’re excited to announce that Coinbase has acquired One River Digital Asset Management, a subsidiary of One River Asset Management. An SEC-registered investment adviser, ORDAM will form the f
We współpracy z: https://cryptodaily.co.uk/2023/03/coinbase-acquires-crypto-asset-manager-one-river-digital
