BlackRock Wants To Trade Bitcoins And Cryptocurrencies – Coinbase Partners With Aladdin

BlackRock goes into overdrive – Times have passed the first little shy experiments with Bitcoin (BTC): from this year 2022 BlackRock kicked into high gear with crypto-assets. This time, a giant investment fund is targeting him Coinbase. BlackRock is indeed very interested in institutional stock exchange service for its wealthy clients.

Coinbase invited BlackRock to the big leagues

In a press release published on August 4, the crypto-exchange Coinbase announcement to be connected with multinational investments BlackRock. The trading platform will provide first class service institutional clients of Aladdin by BlackRock.

This crypto-asset trading and custody offering will be conducted through the services of Coinbase Premium. It will only concern the cryptocurrency king, Bitcoinfirst, before opening to other cryptocurrencies.

“Our institutional clients increasingly want exposure to digital asset markets. (…) This association with Aladdin will allow clients to manage their Bitcoin exposures directly within their existing trading and portfolio management feeds, for a holistic view of risk across all asset classes. »

Joseph Chalom, Global Head of Ecosystem Strategic Partnerships at BlackRock

In April 2022, it is a stablecoin of the dollar CirclemeUSDCwhich he had right to invest from BlackRock. Gin with 10 trillion dollars Assets under management seem to have definitely moved to the crypto side of the Force.