Crypto exchange "Coinbase" announced a remarkable partnership with the world's largest asset managing firm "Blackrock" offering bitcoin to institutional clients.
Just in the recent development, popular crypto exchange "Coinbase" has made an announcement of a strategic partnership with the world's largest asset managing firm "BlackRock" to offer bitcoin and crypto-related services to some of the biggest institutional clients. The announcement came on late Thursday via Coinbase's Official Twitter handle.
With this partnership, BlackRock aims to help its clients in managing their assets more seamlessly. This will allow their clients to manage their BTC holdings directly via Coinbase Prime. As of now, the services are limited to BTC and could offer other assets as well in near future.
We are proud to announce a partnership with @BlackRock. BlackRock’s Aladdin clients will now have direct access to crypto markets through Coinbase Prime.
— Coinbase (@coinbase) August 4, 2022
Read more 👇https://t.co/LA3XeYYbvs
After this development, Coinbase's shares jumped around 47%. At the time of writing this article, (COIN) is trading at $88.91, which went upto $106.20 just a few hours before. While Bitcoin, stands at $23,200, with a 2% jump in the last 24 hours, according to CoinMarketCap.
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