{"id":18311,"date":"2023-03-04T01:54:31","date_gmt":"2023-03-04T01:54:31","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/coinbase-acquires-one-river-digital-to-expand-institutional-access-to-crypto-assets-exchanges-bitcoin-news\/"},"modified":"2023-03-04T01:54:31","modified_gmt":"2023-03-04T01:54:31","slug":"coinbase-acquires-one-river-digital-to-expand-institutional-access-to-crypto-assets-exchanges-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/coinbase-acquires-one-river-digital-to-expand-institutional-access-to-crypto-assets-exchanges-bitcoin-news\/","title":{"rendered":"Coinbase Acquires One River Digital to Expand Institutional Access to Crypto Assets \u2013 Exchanges Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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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 (SEC). This acquisition allows Coinbase \u201cto expand institutional access to digital assets,\u201d the crypto exchange said.<\/strong><\/p>\n

Coinbase Expanding Institutional Access to Crypto<\/h2>\n

Coinbase (Nasdaq: COIN) announced Friday that it has acquired One River Digital Asset Management (ORDAM), a subsidiary of One River Asset Management. ORDAM is an institutional digital asset manager and registered investment adviser with the Securities and Exchange Commission (SEC).<\/p>\n

One River Digital Asset Management \u201cwill transition to become Coinbase Asset Management (CBAM), and will operate as an independent business and wholly-owned subsidiary of Coinbase,\u201d the crypto exchange explained, elaborating:<\/p>\n

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The acquisition aligns with our long-term strategy to unlock further opportunities for institutions to participate in the cryptoeconomy.<\/p>\n<\/blockquote>\n

CBAM will be segregated from Coinbase\u2019s trading and exchange businesses, the exchange noted, adding that Eric Peters will continue to serve as the chief executive officer and chief investment officer of ORDAM (now CBAM). He is also the CEO And CIO of One River Asset Management.<\/p>\n

Coinbase detailed that it is already serving many institutional investors. \u201cAs 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,\u201d the crypto exchange said, adding:<\/p>\n

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With over $130 billion of quarterly institutional trading volume and over $50 billion of institutional assets on platform, Coinbase operates at the center of the institutional digital asset market.<\/p>\n<\/blockquote>\n

Despite crypto winter, institutional investors continue to show interest in crypto assets. A recent survey by Coinbase showed that institutional investors increased<\/a> their crypto allocations during crypto winter. In January, a different survey showed that institutional investors see \u201ca strong year<\/a> ahead for bitcoin,\u201d with 65% of survey participants expecting BTC<\/a> to hit $100K in the long term.<\/p>\n

Coinbase\u2019s Friday announcement adds:<\/p>\n

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With this acquisition, we are excited to welcome ORDAM\u2019s best-in-class team to Coinbase and to partner more deeply to expand institutional access to digital assets.<\/p>\n<\/blockquote>\n

What do you think about Coinbase acquiring One River Digital Asset Management to expand its crypto products and services to institutional investors? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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\nKevin Helms <\/h6>\n

\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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