Coinbase Partners with BlackRock
Coinbase managed to achieve a great deal with the largest asset manager in the world, BlackRock. The goal of the partnership is for BlackRock to start provide crypto investment services to its clients.
This move shoes that crypto market has not been dead as many proclaimed as the institutional interest is still at high levels. BlackRock seems that was ready for the next step but it was looking for the right partner to make it.
Coinbase’s selection made a huge impact in the market as its stocks rose by 30 % in a single day. This shows that crypto adoption as an investment tool is the fact that will bring the market to higher levels.
We wait to see what will happen with this partnership…….