BlackRock is considering to offer cryptocurrency trading

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Breaking: $10 Trillion Asset Management Firm BlackRock To Offer Crypto Trading Services

Feb 10, 2022

BlackRock manages over $10 trillion in assets for institutions, plans to enter the cryptocurrency space with client support trading and then with their own credit facility.

BlackRock will give its clients the information they need to know. Public pension schemes, endowments, and sovereign wealth funds The firm offers several investment platforms. Clients would be able to trade crypto through Aladdin.

BlackRock is look to build their cryptocurrency business and had big plans for the space.

A second person with knowledge of the plan

A group of BlackRock staff are evaluating the crypto market. Some people at BlackRock want to trade in the market.

Data Source: Coindesk

- A person in the know

The company is going to release a blockchain index ETF for investors.

BlackRock has 16.3% of MicroStrategy. Michael Saylor, who is MicroStrategy's CEO, regularly talks about the firm's bitcoin holdings.