Crypto trading platform Coinbase mulls asset manager tie-up
The group is reportedly in high levels talks with Osprey Funds, an investment firm that rose to prominence recently with the launch of a new Polkadot fund
Coinbase Global Inc (NASDAQ:COIN), the cryptocurrency trading platform, is reportedly mulling a merger with digital asset manager Osprey Funds as it moves to diversify its business away from its core exchange platform.
According to
a Coindesk report citing individuals with knowledge of the deal, Coinbase is currently engaged in high level and informal talks with Osprey, which hit the headlines in late April when it launched a new fund focused on the Polkadot cryptocurrency.
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