Coinbase declares acquisition of One River Digital Asset Administration

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

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

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