BlackRock, the world’s largest asset manager by managing $10 trillion, plans to offer crypto trading services to its investors.
According to the news of CoinDesk, the New York-based company offers its investors who show cryptocurrencies as collateral. borrowing will provide the service. Also in the news is BlackRock’s clients in most areas through its investment management, Aladdin. cryptocurrency trading to do I was told it would allow. No information was given about when the service will be available for use.
Goldman Sachs, Morgan Stanley and Citi Given that Wall Street banks and major financial institutions such as BlackRock’s attempt It doesn’t seem very impossible.
BlackRock previously traded bitcoin futures on the Chicago Mercantile Exchange (CME), according to a document submitted to the U.S. Securities and Exchange Commission (SEC). had transacted and about it think positive had stated.
The company also stated that it plans to launch an ETF that tracks an index of companies involved in crypto technologies at home and abroad.
BlackRock is the CEO of one of the world’s largest bitcoin advocates, Michael Saylor. Owns 16.3% of Microstratgy.