Coinbase acquires One River


March 29, 2023

On March 6, 2023, Coinbase announced the acquisition of One River Digital Asset Management.

Under the terms of the agreement, Coinbase Global Inc. (“Coinbase”) has acquired all the assets of One River Digital Asset Management (“One River”). One River will operate as an independent division within Coinbase and will be known as Coinbase Asset Management. Eric Peters, CEO of One River, will head Coinbase Asset Management. Financial terms were not disclosed.

Coinbase (NASDAQ: COIN) is a technology firm known for its cryptocurrency exchange platform. Coinbase has $80 billion in assets on the platform and $145 billion in trades performed quarterly.

One River, based in Stamford, Connecticut, is a registered investment advisor working primarily with digital assets and institutional clients. One River had $2.5 billion in assets under management as of June, 2022.

To read the press release: please click here.

The opinions expressed are those of the author(s) and do not necessarily reflect the views of the firm or its clients, or any of its or their respective affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal advice.