61 days ago • Posted by Charles-Henry Monchau
One River Asset Management has made one of the largest ever cryptocurrency investments, according to Coinbase.
One River has worked with crypto exchange Coinbase to invest an undisclosed amount in cryptocurrency. According to Coinbase, which carried out the transaction, its purchase represents “one of the largest digital asset trades in history.” The initial trades were executed over a five day period at different speeds, in order to work through varying market conditions, the exchange explained. On January 5, Cryptoquant CEO Ki Young Ju noted that 55,000 Bitcoin left the exchange on January 2. It is unknown whether One River's purchase was part of this big increase in withdrawals (Source: Decrypt).