Coinbase: Acquired One River Digital Asset Management
- Coinbase, is an American publicly traded company that operates a cryptocurrency exchange platform
- Acquired One River Digital Asset Management (ORDAM), a premier institutional digital asset manager
- The acquisition aligns with our long-term strategy to unlock further opportunities for institutions to participate
- With over $130 billion of quarterly institutional trading volume and over $50 billion of institutional assets on the platform
- Products are purpose-built to provide secure access to digital assets and Web3
- As of Q4 2022, roughly 25% of the 100 largest hedge funds in the world by reported assets under management
