Coinbase talks about acquisition of Bitcoin fund Osprey
Coinbase is in talks to acquire Osprey Funds, an asset management company that manages investment funds such as Bitcoin.
The talks are high-level and informal at this stage, one of the people said. Coinbase, which went public in the United States in April, is strengthening acquisitions in the crypto asset industry and expanding its business portfolio. The company has already acquired prime broker Tagomi, blockchain service Bison Trails, and data analytics Skew. In addition to the main crypto asset trading service and custody business, if you have Osprey in your hands, Coinbase’s crypto asset asset management service will be one of the business foundations. Talks with the Osprey are not in the final stages of decision, according to people familiar with the matter. The Osprey became a hot topic for launching a fund specializing in Polkadot, a public blockchain to replace Ethereum. The custodian of this polka dot fund is Coinbase.