Bitcoin Provident coinbase BlackRock Bitcoin

Coinbase shares soar more than 20% in boost from meme traders, BlackRock crypto deal

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In this article Shares of Coinbase soared on Thursday after the crypto exchange announced a partnership with BlackRock that will allow its institutional clients to buy bitcoin.

Coinbase shares were last up by 25.2%. Earlier in the day they jumped as much as about 40%. Services in the company's Prime offering will be available to clients of BlackRock's portfolio management platform for institutional investors, Aladdin, the company said on its blog.

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