{"id":573997,"date":"2022-08-04T14:34:35","date_gmt":"2022-08-04T13:34:35","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=573997"},"modified":"2022-08-04T21:55:46","modified_gmt":"2022-08-04T20:55:46","slug":"blackrock-coinbase-crypto-investment","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/blackrock-coinbase-crypto-investment\/","title":{"rendered":"BlackRock And Coinbase Team Up For Institutional Crypto Investment Offering Amid Bear Market"},"content":{"rendered":"\n<p>Summary:<\/p>\n\n\n\n<ul><li>BlackRock will provide institutional investors with exposure to crypto investments.<\/li><li>The heavyweight asset manager has partnered with crypto exchange Coinbase to make this possible.<\/li><li>BlackRock&#8217;s Aladdin clients will access such facilities through Coinbase prime as announced.<\/li><li>CEO of the asset manager, Larry Fink, hinted at the development back in March.<\/li><li>The news reaffirms that institutional players maintain an appetite for digital assets despite the ongoing bear market.&nbsp;<\/li><\/ul>\n\n\n\n<p>BlackRock, one of the world\u2019s largest asset managers, has signed a deal to offer crypto investment <a href=\"https:\/\/blog.coinbase.com\/coinbase-selected-by-blackrock-provide-aladdin-clients-access-to-crypto-trading-and-custody-via-b9e7144f313d\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/blog.coinbase.com\/coinbase-selected-by-blackrock-provide-aladdin-clients-access-to-crypto-trading-and-custody-via-b9e7144f313d\" rel=\"noreferrer noopener nofollow\">exposure<\/a> to institutional investors amid an ongoing bear market where tokens like Bitcoin and Ethereum remain more than 50% from their all-time highs.<\/p>\n\n\n\n<p>The asset management behemoth with over $10 trillion in assets under management (AUM) now has a partnership with Coinbase, a leading cryptocurrency exchange company based in San Francisco.&nbsp;<\/p>\n\n\n\n<p>BlackRock\u2019s agreement with Coinbase will power cryptocurrency investment facilities for institutional investors through Coinbase prime. The service provides a secure custodial platform and advanced trading tools to over 13,000 institutional customers.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">.<a href=\"https:\/\/twitter.com\/BlackRock?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@BlackRock<\/a>\u2019s Aladdin clients now have direct access to crypto markets through Coinbase Prime. Read more about our partnership and mission to support growing institutional interest in digital assets. <a href=\"https:\/\/t.co\/sxAJiXjkOm\" rel=\"nofollow\">https:\/\/t.co\/sxAJiXjkOm<\/a><\/p>&mdash; Coinbase Institutional (@CoinbaseInsto) <a href=\"https:\/\/twitter.com\/CoinbaseInsto\/status\/1555161735350329346?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">August 4, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The deal between both entities is set to kit BlackRock\u2019s Aladin clients with direct access to cryptocurrencies. Thursday\u2019s announcement mentioned Bitcoin as the asset customers would be exposed to.&nbsp;<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>This connectivity with Aladdin will allow clients to manage their bitcoin exposures directly in their existing portfolio management and trading workflows for a whole portfolio view of risk across asset classes.<\/p><\/blockquote>\n\n\n\n<figure class=\"wp-block-image size-full\"><img width=\"851\" height=\"518\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/BTCUSDT_2022-08-04_21-51-06.png\" alt=\"Bitcoin (BTC) \" class=\"wp-image-574024\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/BTCUSDT_2022-08-04_21-51-06.png 851w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/BTCUSDT_2022-08-04_21-51-06-300x183.png 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/BTCUSDT_2022-08-04_21-51-06-770x469.png 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/BTCUSDT_2022-08-04_21-51-06-500x304.png 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/BTCUSDT_2022-08-04_21-51-06-269x164.png 269w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/BTCUSDT_2022-08-04_21-51-06-746x454.png 746w\" sizes=\"(max-width: 851px) 100vw, 851px\" title=\"\"><figcaption>Bitcoin (BTC) Daily Chart (Source: TradingView)<\/figcaption><\/figure>\n\n\n\n<h2>BlackRock\u2019s Coinbase Partnership Signals Institutional Demand For Crypto<\/h2>\n\n\n\n<p>BlackRock CEO Larry Fink previously <a href=\"https:\/\/en.ethereumworldnews.com\/blackrock-is-studying-cryptocurrencies\/\" data-type=\"URL\" data-id=\"https:\/\/en.ethereumworldnews.com\/blackrock-is-studying-cryptocurrencies\/\" target=\"_blank\" rel=\"noreferrer noopener\">hinted<\/a> in March 2022 that the asset management powerhouse could explore crypto trading. Fink noted at the time that <a href=\"https:\/\/www.forbes.com\/sites\/ninabambysheva\/2022\/04\/13\/blackrocks-newest-investment-paves-the-way-for-digital-assets-on-wall-street\/\" data-type=\"URL\" data-id=\"https:\/\/www.forbes.com\/sites\/ninabambysheva\/2022\/04\/13\/blackrocks-newest-investment-paves-the-way-for-digital-assets-on-wall-street\/\" target=\"_blank\" rel=\"noreferrer noopener\">demand<\/a> for crypto exposure was growing rapidly.<\/p>\n\n\n\n<figure class=\"wp-container-2 wp-block-gallery-1 wp-block-gallery has-nested-images columns-default is-cropped\">\n<figure class=\"wp-block-image size-large\"><img width=\"2560\" height=\"1707\" data-id=\"574002\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/Larry-Fink-BlackRock-CEO-scaled.jpg\" alt=\"\" class=\"wp-image-574002\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/Larry-Fink-BlackRock-CEO-scaled.jpg 2560w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/Larry-Fink-BlackRock-CEO-300x200.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/Larry-Fink-BlackRock-CEO-1024x683.jpg 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/Larry-Fink-BlackRock-CEO-770x513.jpg 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/Larry-Fink-BlackRock-CEO-1536x1024.jpg 1536w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/Larry-Fink-BlackRock-CEO-2048x1366.jpg 2048w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/Larry-Fink-BlackRock-CEO-500x333.jpg 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/Larry-Fink-BlackRock-CEO-1155x770.jpg 1155w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/Larry-Fink-BlackRock-CEO-346x231.jpg 346w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/Larry-Fink-BlackRock-CEO-746x497.jpg 746w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/Larry-Fink-BlackRock-CEO-1131x754.jpg 1131w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/Larry-Fink-BlackRock-CEO-269x179.jpg 269w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/08\/Larry-Fink-BlackRock-CEO-1376x917.jpg 1376w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" title=\"\"><figcaption>BlackRock CEO Larry Fink (Source: CNBC)<\/figcaption><\/figure>\n<\/figure>\n\n\n\n<p>Global Head of Strategic Ecosystem Partnerships, Joseph Chalom, echoed similar remarks on the growing institutional appetite for digital assets.&nbsp;<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>Our institutional clients are increasingly interested in gaining exposure to digital asset markets and are focused on how to efficiently manage the operational lifecycle of these assets.&nbsp;<\/p><\/blockquote>\n\n\n\n<p>Notably, the news comes as crypto asset prices have experienced a drop in value and bears seem to have control over the market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summary: BlackRock will provide institutional investors with exposure to crypto investments. The heavyweight asset manager has partnered with crypto exchange Coinbase to make this possible. BlackRock&#8217;s Aladdin clients will access such facilities through Coinbase prime as announced. CEO of the asset manager, Larry Fink, hinted at the development back in March. The news reaffirms that institutional players maintain an appetite for digital assets despite the ongoing bear market.&nbsp; BlackRock, one of the world\u2019s largest asset managers, has signed a deal [&hellip;]<\/p>\n","protected":false},"author":55,"featured_media":574001,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[108421,108449,130,108056],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/573997"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=573997"}],"version-history":[{"count":4,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/573997\/revisions"}],"predecessor-version":[{"id":574025,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/573997\/revisions\/574025"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/574001"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=573997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=573997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=573997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}