Coinbase, one of the world’s largest cryptocurrency exchanges, announced that it has partnered with BlackRock, which has more than $10 trillion under its management.
The US-based crypto exchange Coinbase shared on its official blog page on August 4, largest asset manager He announced that BlackRock has established a partnership to provide crypto money services to its institutional customers.
Thanks to the partnership established, BlackRock’s electronic venture capital firm Aladdin will be able to offer crypto money services directly to its institutional clients. Coinbase’s Prime platform offers Aladdin’s institutional customers Cryptocurrency trading, custody and reporting will provide the service.
Coinbase Prime, designed for institutional customers, storage, data, analysis, staking and trading for companies offers the opportunity.
BlackRock Manager Joseph Chalom made the following statements in his statement on the subject:
Our institutional clients are becoming more and more interested in cryptocurrencies. Thanks to the partnership established, our customers will be able to manage their portfolio management and risks arising from Bitcoin.