What's the deal with Coinbase and Blackrock?

Coinbase and BlackRock have teamed up to give institutional investors greater access to cryptocurrencies. It's a significant partnership, not least because BlackRock is one of the biggest asset management firms in the world.

What is Blackrock doing with stablecoins?

For BlackRock, the partnership is the next step in a wider strategy to expand into digital assets. Chief Executive Officer Larry Fink said in March that the firm was studying the growing importance of digital assets and stablecoins and how they can be used to help clients.

Will Blackrock add more crypto assets in the future?

More crypto assets may be added in the future. The clients will be able to manage and conduct risk analysis of their bitcoin holdings through BlackRock’s Aladdin software suite. As a result of this partnership, clients can access Coinbase Prime, the exchange's institutional platform, which provides a wide range of features and tools.

Is Coinbase a stock?

Coinbase is bitcoin essentially but on the stock market. Go figure. If certain assets listed by Coinbase are considered securities, it threatens to compromise its revenue stream.If certain assets listed by Coinbase are considered securities, it threatens to compromise its revenue stream.