BlackRock to Add Support for Cryptocurrency Investments

The world's largest financial asset management company BlackRock is preparing to offer clients productsfor trading cryptocurrencies. CoinDesk writes about this with reference to sources.

The company that manages more than $10 trillion inassets of institutional investors, intends to enter the cryptocurrency space with the addition of “trading support for clients, and then their own lending institution.” In other words, customers will be able to borrow money from BlackRock secured by cryptocurrencies.

One source said that BlackRock, inwhose clients include pension, trust and government funds, plans to organize cryptocurrency trading through its investment platform Aladdin (from the “Asset, Liability, Debt and Derivative Investment Network”, that is, the Investment Network with the support of assets, liabilities, debts and derivatives). The timing of the launch of the initiative remains unknown.

BlackRock's possible plans became known for the first timeknown in June, when the company began searching for an employee for the position of head of the Aladdin blockchain department. Earlier, BlackRock began trading Bitcoin futures traded on the Chicago Mercantile Exchange (CME), which it notified the US Securities and Exchange Commission (SEC). Last month, BlackRock launched the iShares Blockchain and Tech ETF, an exchange-traded fund tracking shares of cryptocurrency-related companies. In addition, BlackRock holds a 16.3% stake in MicroStrategy, which has several billion dollars worth of Bitcoin in its reserves.

Another source said that BlackRock is "aimingget direct access to cryptocurrencies" and "is looking for suppliers in this space". Another source claims that a team of approximately 20 people was assembled to complete the task.

“They see the turnover that everyone else is attracting, and they want to start making money on it themselves,”he added.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Huobi	https://huobi.com	7.4
3	Exmo	https://exmo.me	6.9
4	OKEx	https://okex.com	6.5
5	Bybit	https://bybit.com	6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Additional features and services— futures, options, staking, NFT marketplace.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• final grade– the average number of points for all indicators determines the place in the ranking.

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