Coinbase proclaims acquisition of One River Digital Asset Administration

United States-based cryptocurrency change Coinbase (NASDAQ:) has acquired cryptocurrency-focused hedge fund One River Digital Asset Administration, or ORDAM.

In a March 3 weblog publish, Coinbase mentioned One River Digital will transition to turn out to be Coinbase Asset Administration, “an impartial enterprise and wholly-owned subsidiary” of the crypto change. One River Digital is registered as an funding adviser beneath the U.S. Securities and Change Fee and has beforehand accepted investments from Coinbase to scale its operations.

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