Coinbase buys one river digital asset management

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Von Krypto News Österreich

Coinbase erwarb One River Digital Asset Management (ein Investmentmanager, der institutionellen Kunden ein Engagement in Kryptowährungen ermöglicht), ohne die Bedingungen und die Summe der Vereinbarung offenzulegen. Der Deal kommt wenige Wochen nach der Einführung einer Separat Managed Account (SMA)-Plattform für Vermögensverwaltungsfirmen durch die beiden Unternehmen zustande. Greg Tusar – Head of Institutional Product bei Coinbase – genannt Die jüngste Übernahme zielt darauf ab, „mehr institutionelles Kapital“ in die Kryptowährungsbranche zu bringen, da sich One River Digital Asset Management auf solche Kunden konzentriert und den Umgang mit Privatkunden vermeidet. „Wir gehen davon aus, dass wir – auf der anderen Seite dieses …
Coinbase acquired one river digital asset management (an investment manager who enables institutional customers an engagement in cryptocurrencies) without dismissing the conditions and the sum of the agreement. The deal comes from the two companies a few weeks after the introduction of a separate managed account (SMA) platform for asset management companies. Greg Tusar - Head of Institutional Product at Coinbase - called the latest takeover, aims to bring "more institutional capital" to the cryptocurrency industry, since one river digital asset management is concentrated on such customers and avoids dealing with private customers. "We assume that we - on the other hand this ... (Symbolbild/KNAT)

Coinbase acquired one river digital asset management (an investment manager who enables institutional customers an engagement in cryptocurrencies) without disclosing the conditions and the sum of the agreement.

The deal comes a few weeks after the introduction of a separate managed account (SMA) platform for asset management companies by the two companies.

  • Greg Tusar-Head of Institutional Product at Coinbase- called The most recent assumption is aimed at "more institutional capital" Bringing cryptocurrency industry because one river digital asset management focuses on such customers and avoids dealing with private customers.

"We assume that-on the other hand-on the other hand we will build a great wealth management business," he added.

  • After the transaction, the acquired company is renamed Coinbase Asset Management, while Eric Peters will continue to act as CEO and CIO.

"The double function gives me an insight into the world of digital and traditional assets. I bet on convergence between the two in the next ten years," he said.

  • Peters said that negotiations about the deal began almost a year ago and dragged on the entire crypto winter 2022, which brought with it a serious drop in market and countless faults. He praised Coinbase and said that it was "a fairly simple decision" to conclude an agreement with Coinbase.
  • The two organizations Started A new SMA offer called one Digital SMA almost two weeks ago, which aims to do private asset forms and registered investment advisors a better crypto. offer.
  • The move could be seen as a fresh wind for coinbase, which was negatively influenced by the continuing Baisse and released part of its employees last summer. It fired An additional 950 people at the beginning of this year.

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