IITMIND: EdTech, Finance and Crypto currencies


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.

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.

>> Disclaimer Risk warning:- Cryptocurrency Investment is subject to high market risk. The information on our website is for educational purposes only. Please do your own research before investing anywhere, we will not be responsible for your investment losses.

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