Crypto Exchange Coinbase Acquires One River Digital Asset Management

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Coinbase has acquired One River Digital Asset Management (ORDAM) from its parent company One River Asset Management.

The amount of the deal was not disclosed.

The structure, which will be renamed Coinbase Asset Management, will be headed by ORDAM CEO Eric Peters, and its services will be available to both new and existing institutional investors.

Coinbase and ORDAM share an ethos based on prudent risk management, which has enabled both firms to successfully navigate the recent market turmoil.

ORDAM has been backed by billionaire Alan Howard, who invested in the company’s funds and acquired a stake in the business in 2020.