March 29, 2024

Media: BlackRock will launch a crypto asset trading service

Media: BlackRock will launch a crypto asset trading service

The largest investment company BlackRock plans to launch a cryptocurrency trading service.

New YorkThe company, which has more than $10 trillion under management, plans to enter the cryptocurrency space and start "supporting crypto asset trading."Customers will also be able to borrow from BlackRock, leaving cryptocurrencies as collateral.

BlackRock will allow its clients, including government pension plans and non-profit funds, to trade cryptocurrency through an integrated investment management platform.The timing of the launch of the service is still unclear. 

BlackRock hasn't made any official comments yet.but according to insider information, a working group of 20 specialists has already been formed inside BlackRock to work with crypto assets, smart contracts and a distributed ledger.

BlackRock also owns a 16.3% stake in MicroStrategy, the largest corporate holder of BTC.

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