Coinbase Partners With BlackRock to Offer Crypto Services to Institutional Clients.

Pipsafe Logo
Share this Post :

Coinbase Partners With BlackRock to Offer Crypto Services to Institutional Clients.

 

Coinbase has announced a new partnership with asset management giant BlackRock to bring direct crypto services to institutional clients through the Aladin investment platform. BlackRock is the world’s largest asset manager with over $8 trillion in assets under management, and Aladin is one of BlackRock’s investment platforms. According to various reports, the services include crypto trading, custody, prime brokerage, and reporting capabilities offered through Coinbase prime.

Joseph Chalom, the global head of strategic ecosystem partnerships at BlackRock, believes that Institutional clients are interested in the digital asset market and focus on managing these assets. This partnership allows clients to manage trading processes for a complete portfolio view of risk across asset classes. The partnership announcement comes when the cryptocurrency industry is recovering from a crash that saw the value of Bitcoin (BTC) and other digital assets drop to record lows. It also comes at a time when Coinbase is faced with increased regulatory scrutiny over its listings. In addition, Coinbase’s shares have reacted positively to the announcement, jumping by around 40% to as high as $116.

 

 

Source: The Pipsafe Team -Latest Bitcoin news


Categories :
Tags :



LEAVE A COMMENT


Alert Header

Alert Message