Coinbase Acquires ORDAM to Enhance Institutional Crypto Access

• Coinbase announced the acquisition of One River Digital Asset Management (ORDAM) on Mar. 3.
• Under Coinbase, ORDAM will become Coinbase Asset Management (CBAM), providing institutional customers with industry-leading products and services.
• Eric Peters, ORDAM’s current CEO, will remain in his duty and continue chairing CBAM after the acquisition.

Coinbase Acquires One River Digital Asset Management

Coinbase announced the acquisition of one river digital asset management (ORDAM) on Mar. 3. ORDAM will transform into Coinbase Asset Management (CBAM), a wholly owned subsidiary that focuses on providing institutional consumers with industry-leading products and services.

About One River Digital

One River Digital Asset Management is an investment adviser registered with the U.S Securities and Exchange Commission (SEC). It offers investment products to its institutional clients by exposing them to different digital assets through Coinbase Prime.

Eric Peters To Remain as Chairman of CBAM

Eric Peters, ORDAM’s current CEO, will remain in his duty and continue chairing CBAM after the acquisition is complete. He shares an ethos grounded in prudent risk management with both companies which enabled them to successfully navigate recent market turmoil.

Shared Passion For Investor Safety

Both companies share a joint passion for investor safety which has driven their decision to join forces to build an innovative digital asset management infrastructure focused on safety and soundness.

Conclusion

This acquisition marks a significant milestone for both companies as they work together to provide enhanced access for institutions looking to invest in crypto assets through CBAM’s industry-leading services and products.