Coinbase Expands Institutional Access to Crypto Assets with One River Digital Acquisition – Latest Bitcoin News from Exchanges
acquisition of ORDAM will allow Coinbase to expand institutional access to digital assets and provide a broader range of investment opportunities for its clients. CBAM will continue to offer its existing institutional clients exposure to bitcoin and other digital assets through its institutional-grade investment solutions.
Coinbase CEO Brian Armstrong said in a statement, “We’re thrilled to welcome the One River Digital Asset Management team to Coinbase. Their expertise in systematic investment strategies and active management will provide our clients with additional investment opportunities and help us continue to drive institutional adoption of crypto as an asset class.”
ORDAM CEO Eric Peters also expressed excitement about the acquisition, stating, “We are excited to join Coinbase and help build the future of digital asset management. Coinbase’s scale and resources will allow us to accelerate our growth and expand our offerings to institutional clients.”
The acquisition comes as Coinbase continues to expand its institutional offerings, including its Coinbase Prime platform for institutional clients and its custody services for digital assets. The crypto exchange also recently announced plans to launch a crypto app store, which will allow users to access a range of decentralized finance (DeFi) applications.
As the crypto industry continues to grow and mature, institutional adoption of digital assets is expected to increase. With its acquisition of ORDAM, Coinbase is positioning itself as a leader in providing institutional clients with access to this emerging asset class.