Coinbase has acquired One River Digital Asset Management to expand its services and leverage weak valuations in the digital asset industry. One River Digital Asset Management will become Coinbase Asset Management and operate as a fully-owned unit of Coinbase. The acquisition will provide institutional clients exposure to digital assets through investment products, and Eric Peters will continue to serve as CEO of Coinbase Asset Management and One River Asset Management. The move comes as the cryptocurrency exchange reported a fourth-quarter loss due to industry-wide downturn and regulatory scrutiny.