BlackRock investment company will allow clients to trade cryptocurrency
The company’s cryptocurrency transactions will be conducted through the Aladdin platform
10.02.2022 - 13:15
603
1 min
0
What’s new? BlackRock, the largest investment management company, will enable its clients to trade digital assets. According to the CoinDesk sources, all transactions will be conducted through the Aladdin platform.
What are BlackRock’s plans for the digital market? The New York-based company manages $10 trillion in assets and is focused on government departments and services. BlackRock will now give its clients the ability to arrange loans secured by cryptocurrencies.
The company has also set up a 20-person evaluation group that monitors the digital asset market. The corporation plans to launch an exchange-traded fund tracking an index consisting of companies engaged in crypto technologies in the United States and abroad.
Useful material?
Trends
As of January 21, the capitalization of this sector of the crypto market exceeds $519 billion
Jan 21, 2025
Market
The platform generated $9,5 million in revenue during the same time
Jan 20, 2025
Market
Shares of the Trust are designed to track the market price of XRP with fewer fees and expenses
Jan 17, 2025
Market
The asset will allow USDT to move seamlessly between different blockchains
Jan 17, 2025
Market
Earlier, the community criticized the project for its lack of transparency, which led to a sharp drop in the HYPE token price
Jan 8, 2025
Market
Rising US Treasury bond yields are negatively affecting risk assets
Jan 8, 2025