BLACKROCK TO OFFER BITCOIN TRADING, CUSTODY IN COINBASE PARTNERSHIP

The $10 trillion asset manager will leverage Coinbase Prime to offer bitcoin trading and custody services to institutional investors.

BlackRock will begin offering bitcoin trading and custody services. The asset manager is partnering with Coinbase to facilitate trading desk and custodial operations for its institutional clients.

Coinbase Prime will act as the custodian and it does not seem to have external wallet transfer functionality.

BlackRock, the world’s largest asset manager with over $10 trillion in assets under management (AUM), is launching bitcoin trading services for institutional clients in a new partnership with Coinbase, per a blog post from the exchange.

Source: bitcoinmagazine.com