[ad_1] <br><div> <p>United States-based cryptocurrency change Coinbase has acquired cryptocurrency-focused hedge fund One River Digital Asset Administration, or ORDAM.</p><p>In a March 3 weblog put up, Coinbase <a target="_blank" href="https://www.coinbase.com/blog/coinbase-has-acquired-one-river-digital-asset-management" rel="noopener nofollow" data-vars-outbound-link="https://www.coinbase.com/blog/coinbase-has-acquired-one-river-digital-asset-management">said</a> One River Digital will transition to turn into Coinbase Asset Administration, “an unbiased enterprise and wholly-owned subsidiary” of the crypto change. One River Digital is registered as an funding adviser below the U.S. Securities and Trade Fee, and has <a target="_blank" href="https://cointelegraph.com/news/one-river-digital-raises-41m-from-goldman-sachs-and-coinbase/amp" data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/one-river-digital-raises-41m-from-goldman-sachs-and-coinbase/amp" rel="noopener">previously accepted investments from Coinbase</a> to scale its operations.</p><p>“Coinbase and ORDAM share an ethos grounded in prudent danger administration, a trait which has enabled each companies to efficiently navigate the latest market turmoil,” mentioned Coinbase. “Culturally, our two organizations are strongly aligned on pursuing the chance in digital belongings with an uncompromising precedence on security and soundness.”</p><p>As a part of the acquisition, Coinbase mentioned One River Digital’s workforce would be part of the crypto change and chief govt officers Eric Peters would keep on as chief below the rebranded agency. The change instructed “minimal disruption to present enterprise actions” amid the transition.</p><p><strong><em>Associated: </em></strong><a target="_blank" href="https://cointelegraph.com/news/coinbase-partner-with-oneriver-to-roll-out-new-institutional-platform/amp" data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/coinbase-partner-with-oneriver-to-roll-out-new-institutional-platform/amp" rel="noopener"><strong><em>Coinbase partners with One River to roll out new institutional platform</em></strong></a></p><p><a target="_blank" href="https://cointelegraph.com/news/coinbase-partner-with-oneriver-to-roll-out-new-institutional-platform/amp" data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/coinbase-partner-with-oneriver-to-roll-out-new-institutional-platform/amp" rel="noopener"><strong><em/></strong></a>Information of the acquisition adopted Coinbase main the cost in a slew of crypto companies <a target="_blank" href="https://cointelegraph.com/news/coinbase-no-longer-accepts-payments-via-silvergate-bank/amp" data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/coinbase-no-longer-accepts-payments-via-silvergate-bank/amp" rel="noopener">cutting ties with Silvergate</a> amid reviews the financial institution was below investigation from the U.S. Division of Justice over its alleged involvement within the collapse of FTX. The crypto change has already introduced Signature Financial institution will take over institutional consumer money transactions for its prime prospects.</p> </div> <br>[ad_2] <br><a href="https://cointelegraph.com/news/coinbase-announces-acquisition-of-one-river-digital-asset-management/amp">Source link </a>