Who is Coinbase asset management?

Could you elaborate on the identity and role of Coinbase Asset Management in the cryptocurrency and financial landscape? I'm particularly interested in understanding how they position themselves within the broader market, what services they provide, and how they contribute to the evolving crypto ecosystem. Is Coinbase Asset Management a major player in the asset management space, or do they occupy a niche role? Furthermore, how do they approach risk management and compliance in such a rapidly changing industry? I'd appreciate a concise yet comprehensive overview of their business model and market positioning.