Capitalize Financial
No Result
View All Result
Tuesday, January 31, 2023
  • Home
  • Business
  • Economy
  • World
  • Markets
  • Tech
  • Real Estate
Capitalize Financial
  • Home
  • Business
  • Economy
  • World
  • Markets
  • Tech
  • Real Estate
No Result
View All Result
Capitalize Financial
No Result
View All Result
Home Sports

Coinbase in Talks to Buy Asset Manager Osprey Funds: Sources

by capitalizefinancial
May 21, 2021
in Sports
0

Publicly traded cryptocurrency exchange Coinbase is in the process of acquiring asset management firm Osprey Funds, according to two people with knowledge of the deal.

The talks are at a high level and informal at this stage, said one of the sources.

Osprey Funds declined to comment. A Coinbase spokesperson said the company doesn’t comment on “rumors and speculation.”

There’s no doubt that Coinbase has deep pockets following its April public listing and last week’s announcement of a $1.25 billion offering of convertible notes. The exchange has been on a steady acquisition trail in recent years, having purchased such crypto companies as prime broker Tagomi, infrastructure shop Bison Trails and data platform Skew.

But asset management would be a new business for Coinbase, which has billions of dollars in institutional assets under custody. The Osprey deal hasn’t been finalized, both sources said.

Osprey, which is known for its bitcoin fund, was in the news recently for launching a fund specializing in Polkadot, which is an alternative public blockchain to Ethereum. Coinbase is the custodian for Osprey’s DOT((+4.01%) fund.

Read more

No Result
View All Result

Subscribe Us

By clicking on Subscribe, I confirm that I have read and agree to the terms set forth in the Privacy Policy and Terms of Service including Capitalize Financial ability to use and share my information and Capitalize Financial, or third-party companies and business partners, may send me offers for products and services at the email address I have provided. I understand that my information may be supplemented with additional information obtained from other sources.
  • Trending
  • Comments
  • Latest

Capital One Savings Account Rates for November 2022

Gas Prices Today, October 22, 2022: Check the cheapest Gas Stations Today

7 personal finance tips for Gen Z, from a Gen Xer

NASA’s Orion spacecraft breaks Apollo 13 flight record

10 Best Finance Podcasts for 2023

10 Best Finance Podcasts for 2023

NASA’s Webb Telescope Confirms First Exoplanet

Finance industry sacks staff as economy falters

7 personal finance tips for Gen Z, from a Gen Xer

Recent News

10 Best Finance Podcasts for 2023

NASA’s Webb Telescope Confirms First Exoplanet

Categories

  • Business
  • Cryptocurrency
  • Economy
  • entertainment
  • finance
  • health
  • Markets
  • Music
  • Opinion
  • Politics
  • Real Estate
  • Science
  • Sports
  • Tech
  • World

Site Navigation

  • Contact Us
  • Privacy & Policy
  • Terms Of Service
  • Unsubscribe

© 2021 capitalize Financial All Rights Reserved

No Result
View All Result
  • Advertisement
  • Contact Us
  • Homepages
    • Home 1
    • Home 2
    • Home 3
    • Home 4
    • Home 5
  • World
  • Economy
  • Business
  • Opinion
  • Markets
  • Tech
  • Real Estate

© 2021 capitalize Financial All Rights Reserved