Coinbase Purchases One River Digital Asset Management ORDAM
Coinbase, a prominent cryptocurrency exchange, has purchased US-based management technology-based firm named One River Digital Asset Management. ORDAM (One River Digital Asset Management) is an investment adviser and virtual asset-managing institution registered with the Securities and Exchange Commission (SEC). One River Digital Asset Management (ORDAM) is going to be transformed into CBAM (Coinbase Asset Management). This possession of ORDAM by Coinbase will be unique of its kind as it would unlock numberless opportunities for different intuitions in the crypto industry.
Coinbase has made a strategic acquisition of One River Digital Asset Management.
This acquisition marks the formation of Coinbase Asset Management and will enable additional institutional access to the cryptoeconomy.
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— Coinbase (@coinbase) March 3, 2023
Coinbase’ Current Status
Currently, Coinbase is working at the centre of the digital asset retail world. It has quarterly 130b dollars of trading volume as an institution and more than 50b dollars as digital assets platform.  Products of Coinbase are purpose-built as it provides secure access to web3 and digital assets. Premier institutions at the global level are financial institutions, corporations, asset managers and a few other entrusted crypto users. By the 4th Quarter of 2022, Coinbase has been trusted with 25% of the top 100 hedge funds as digital assets.
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What’s more, Coinbase is looking forward to bridging the gap between the cryptoeconomy and institutions. For the said purpose, Coinbase has purchased ORDAM. ORDAM is an SEC-registered investment and advisory institution which will be operationalized as a CBAM (Coinbase Asset Management) and will entertain crypto users as an advisory service for investment for existing and new institutional clients.
ORDAM, an Exceptional Addition to Coinbase
One River Digital Asset Management is a well-known investment manager best known for its dedication to deliver absolute return and high-conviction strategies to investors. It is also focused to enlighten the institutional clients having digital assets via robust-investment products. Historically, we shall come to know that both Coinbase and ORDAM are collaborating for a very long time. Moreover, ORDAM backs up Coinbase in delivering sophisticated investment solutions to serious institutional clients. Hence, Coinbase has acquired ORDAM (One River Digital Asset Management) to enable institutional clients to have additional access to the cryptoeconomy along with the best investment advisory.
