Bitcoin Platform coinbase BlackRock Bitcoin

BlackRock Partners With Coinbase To Give Institutional Clients Access to Bitcoin

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investopedia.com

Asset management giant BlackRock (NASDAQ: BLK) announced on August 4 that it had partnered with Coinbase Global (NASDAQ: COIN).The partnership is limited to bitcoin and will allow the firm’s institutional clients to have access to crypto trading, custody, prime brokerage, and reporting via Coinbase Prime.

The clients will also be able to manage their bitcoin and conduct risk analysis using BlackRock’s software suite Aladdin. Following the news, Coinbase stock experienced a jump of 16%.

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