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BlackRock grows crypto offering with Coinbase partnership

World's biggest asset manager will allow clients to trade bitcoin on its platform via Coinbase exchange

Deal between BlackRock and Coinbase will start with bitcoin, but could expand in the future
Deal between BlackRock and Coinbase will start with bitcoin, but could expand in the future Photo: Getty Images

BlackRock has signalled a major push into crypto by teaming up with Coinbase on a product designed to help institutional investors trade bitcoin.

The world’s largest asset manager is to let clients use its Aladdin investment management system to buy, sell and monitor their cryptocurrency holdings via Coinbase’s exchange, the biggest in the US.

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