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.
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