One River chooses Coinbase as prime brokerage solution for large transaction

One River, the innovative investment manager, was looking for a prime brokerage solution for a large transaction — a company with enough institutional expertise to complete a transaction at scale without affecting the market price and then secure its digital asset position as custodian. After carefully evaluating multiple providers, One River chose Coinbase Institutional, a secure cryptocurrency trading platform, as its primary provider of execution and custody services to get this transaction over the line.

One River and Coinbase worked together to invest an undisclosed amount in digital assets, resulting in one of the largest digital asset trades in history. It took five days to complete the initial trades and the trades were executed at different speeds to work through varying market conditions.

"The controls offered by Coinbase met our rigorous operational and compliance standards," said Ian Malloch, Chief Operating Officer and Chief Risk Officer of One River Asset Management.

"The Coinbase institutional team provided exactly what we needed to execute this transaction discreetly," said Eric Peters, CIO of One River. "We couldn't have asked for a better partner on this transaction."