BlackRock wants to trade Bitcoin and cryptocurrencies: Coinbase collaborates with Aladdin

BlackRock goes into overdrive – Gone are the days of first small timid experiments with Bitcoin (BTC): from this year 2022 Black rock changed gears with cryptocurrencies. This time around, the giant investment fund sets its sights Coinbase. BlackRock is in fact very interested in the institutional service of the exchange for its wealthy clients.

Coinbase invited to major leagues by BlackRock

In a press release released on August 4, the crypto-exchange Coinbase announcement to be associated with multinational investment Black rock. The trading platform will provide first class service a Aladdin’s institutional clients by Black Rock.

This cryptocurrency trading and custody offer will be made through the services of Coinbase Premium. It will only concern the king of cryptocurrencies, Bitcoinas a first step, before opening up to other cryptocurrencies.

“Our institutional clients want more and more exposure to digital asset markets. (…) This connectivity with Aladdin will allow clients to manage their Bitcoin exposures directly within 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

As of April 2022 it is the dollar stablecoin CircleL’USDCWhich had right to investment from BlackRock. The giant with $ 10 trillion assets under management definitely seem to have switched to the crypto side of the Force.

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