BlackRock Partners with Coinbase to Expand the Crypto Market

Published on:

Last Updated on August 5, 2022 by Bitfinsider

BlackRock Inc. is teaming up with Coinbase Global Inc. to make it easier for institutional investors to manage and trade Bitcoin, ushering the world’s largest asset manager into a cryptocurrency market roiled by falling prices and government investigations.

At 1:20 p.m. in New York, Coinbase was up 15% to $92.61. The collaboration with BlackRock brings some relief to the largest US crypto-trading platform, whose stock had lost more than two-thirds of its value this year as of Wednesday.

According to a statement released Thursday, top BlackRock clients will be able to use its Aladdin investment-management system to manage their Bitcoin exposure alongside other portfolio assets such as stocks and bonds, as well as to facilitate financing and trading on Coinbase’s exchange. The partnership with Coinbase, the largest US crypto-trading platform, “will initially focus on Bitcoin,” according to BlackRock.

Even after this year’s meltdown in such assets, BlackRock’s move deepens Wall Street’s traditional financial players’ involvement in crypto and related technologies. In 2022, Bitcoin has lost roughly half of its value, while the collapse of the Terra ecosystem and hedge fund Three Arrows Capital have raised concerns about the market’s resilience and prompted increased regulatory scrutiny.

The collaboration is “a validation of the future of blockchain and digital assets, as well as a validation of Coinbase’s reputation,” Lau said over the phone. “It’s a huge win for the industry and Coinbase.”

The announcement demonstrates that sophisticated investors are becoming more at ease with the cryptocurrency market.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked.

To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor


Are you new to investing and would like to find out more about investments and cryptocurrency? If you know nothing about a topic and want to become an expert on it, one fool proof way to start is to read good books about the topic.

If you read one book about a topic, you will be able to share knowledge or discuss the topic at an elementary level with almost everyone.

Read three books and you will likely know more than the majority of people and will be able to discuss the topic at an intermediate to expert level.

  1. The Intelligent Investor by Benjamin Graham
  2. Crypto Investing Guide: How to Invest in Bitcoin, DeFi, NFTs and More by Ian Balina
  3. The Basics of Bitcoins and Blockchains: An Introduction to Cryptocurrencies and the Technology That Powers Them by Antony Lewis

Disclaimer: Above are some affiliate links and we may collect a share of sales or other compensation from the links on this page.

Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

Related