BlackRock enters into partnership with Coinbase crypto exchange
The investment company plans to promote digital assets among institutional clients
04.08.2022 - 16:30
838
2 min
0
What’s new? BlackRock, an investment company, has announced a partnership with the Coinbase crypto exchange. As part of the partnership, BlackRock institutional investors who use the Aladdin crypto platform will have direct access to digital assets. For now, the partnership only covers bitcoin. According to a BlackRock spokesperson, client demand will determine whether other digital assets will be available in the future.
What else is known about the partnership? With Coinbase Prime, a paid extension for institutional clients, BlackRock clients will be able to trade and store cryptocurrency, receive brokerage services and additional reports and analytics.
“Our institutional clients are increasingly interested in gaining exposure to digital asset markets and are focused on how to efficiently manage the operational lifecycle of these assets,” noted Joseph Chalom, Global Head of Strategic Ecosystem Partnerships.
BlackRock is one of the world’s largest asset and investment management companies. It also provides risk management and advisory services. As of January 2022, it had $10 trillion in assets under management. The company’s shares are traded on the New York Stock Exchange (NYSE) under the ticker BLK. As of August 4, 15:05 UTC, the share price is $694,36, up by 0,58% per day.
Earlier, Coinbase added an Ethereum staking feature for US institutional investors through its Coinbase Prime subscription. The exchange’s customers can create a wallet and initiate staking from the ETH asset page in their account.
Useful material?
Market
According to the founder of TRON, the leading US crypto exchange asked for several hundred million dollars for the listing of TRX
Nov 4, 2024
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Business
The company began investing in bitcoin in 2020, and since then, the value of its securities has risen by 1700%
Oct 30, 2024
Mining
The Deputy Energy Minister explained that in deficit regions, it is impossible to allocate large capacities for industry enterprises until 2030
Oct 30, 2024
Market
Customers will also be able to withdraw funds to bank accounts using cards
Oct 30, 2024