Coinbase has announced a deal with BlackRock to give the asset manager’s clients more seamless access to digital asset markets, in the latest sign of how a rising number of traditional investors are dabbling in crypto.
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Coinbase forges deal to give BlackRock clients access to crypto
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The tie-up marks a victory for Coinbase, which has came under intense pressure since its direct listing last year as a result of tumbling crypto prices and falling trading volumes. It also shows how, despite the turbulence in crypto markets this year, some institutional investors are more actively considering allocations in digital tokens. “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,” said Joseph Chalom, global head of strategic ecosystem partnerships at BlackRock.
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