What prompted Coinbase to acquire the digital asset manager One River?

What prompted Coinbase to acquire the digital asset manager One River?

Cryptocurrency Finance Tecnology
April 6, 2023 by Admin
120
Coinbase Expands Its Forces, Acquires Digital Asset Manager One River Coinbase, one of the leading cryptocurrency exchanges, announced its acquisition of digital asset manager One River Asset Management to expand its services beyond trading. Both companies have announced a partnership in past years, and now Coinbase will gain access to One River’s team, knowledge, and
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Coinbase Expands Its Forces, Acquires Digital Asset Manager One River

Coinbase, one of the leading cryptocurrency exchanges, announced its acquisition of digital asset manager One River Asset Management to expand its services beyond trading. Both companies have announced a partnership in past years, and now Coinbase will gain access to One River’s team, knowledge, and infrastructure.

What is One River Asset Management?

One River Asset Management is a digital asset manager with a focus on cryptocurrency and other disruptive technologies. Founded in 2013, One River manages over $2.5 billion in assets and provides solutions including market research, portfolio management, and risk management.

Why did Coinbase acquire One River?

Coinbase’s acquisition of One River is part of a larger strategy to offer a broad range of digital asset services to its clients. The acquisition will allow Coinbase to expand beyond trading and offer more sophisticated investment and portfolio management solutions.

One River’s expertise in cryptocurrency and disruptive technologies is expected to enhance Coinbase’s offering and expand its potential client base. The acquisition will also help Coinbase to expand its institutional client base since One River primarily serves institutional investors.

What does this mean for clients of Coinbase and One River?

For Coinbase clients, the acquisition signifies an expansion of services to include more sophisticated investment and portfolio management solutions, which were previously not available. One River’s research and market insights will be an added value for Coinbase clients looking to gain insights into investments outside of traditional asset classes.

For One River clients, the acquisition means continued access to a best-in-class digital asset management service, now backed by a larger and more established platform in Coinbase. One River’s team will continue to manage its clients’ portfolios and provide market insights, backed by Coinbase’s expertise and infrastructure.

In conclusion

Coinbase’s acquisition of One River Asset Management is a strategic move to expand its services and gain access to One River’s expertise in cryptocurrency and disruptive technologies. With the acquisition, Coinbase aims to offer a broad range of digital asset services beyond trading, including sophisticated investment and portfolio management solutions. Both Coinbase and One River clients will benefit from the acquisition, with expanded services and access to best-in-class expertise.