Seeking Alpha
2022-02-11 16:21:51

Coinbase partners with OneRiver to offer crypto accounts for wealth managers

Coinbase (NASDAQ:COIN) Prime on Friday teamed up with asset manager OneRiver to offer cryptocurrency accounts for wealth managers, according to a blog post. Specifically, Coinbase (COIN) enabled OneRiver to offer wealth managers direct access to ONE Digital SMA, a suite of digital investment strategies and indexes in a separately managed account platform, the company said. ONE Digital SMA is a solution for wealth managers that aim to give clients exposure to crypto through direct ownership of assets and staking. Meanwhile, shares of COIN slide nearly 3% as bitcoin (BTC-USD -4.0%) slumps a day after an overshoot in headline consumer price inflation. Previously, (Feb. 4) Coinbase let users convert tax refunds into crypto via TurboTax.

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