BlackRock's Aladdin investment management platform will offer connectivity to Coinbase Prime to offer crypto trading, custody, prime brokerage and reporting ...
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Coinbase revealed its partnership with BlackRock that will allow its investment management platform, Aladdin, to get access to crypto via Coinbase Prime.
The blog stated that BlackRock and Coinbase integration will roll out functionality in phase for interested clients. However, institutions that are contracted with Aladdin and Coinbase are able to get the access. The blog post states that Coinbase Prime will initially give Aladdin’s institutional clients immediate access to Bitcoin. Additionally, it will provide crypto trading, custody, prime brokerage, and reporting for Aladdin’s customers.
Better-than-expected second-quarter results so far this reporting season have supported a rally in the S&P 500 Index, which is having its best earnings run ...
Crypto markets experienced a small dip after the Bank of England announced that interest rates would rise to 1.75% after reports emerged that inflation ...
However, one area that Dogecoin could have done more on is educating new users on the entire ecosystem and blockchain technology more broadly. Through RoboApe Academy, RoboApe will look to alleviate this issue and offer utility to new users through its free educational hub. This tactic is often used by experienced investors and is an excellent way to reduce your risk while still having the potential for large-scale returns. Moreover, although Coinbase has one of the largest user bases as a crypto exchange, the number of active users and trading volumes have been steadily declining since 2021. With many trading analysts still expecting Bitcoin to surpass $100,000 at some point over the next 3 years, investing in Bitcoin now could be a great option for a strong return on investment. However, Bitcoin has been steadily rising over the last month, with the token seeing a 16% gain as retail users continually buy Bitcoin. On Coinbase, the metrics as of writing showed the trading activity was 94.5% buys, and only 5.5% sells.
Short-sellers of the largest cryptocurrency exchange, Coinbase Global, lost a collective $887 million this week, according to S3 Partners, as shares rallied ...
Coinbase remains the 36th-largest U.S. equity short, and fourth largest in financial services.\n\nStill, short-sellers are up $606 million this year on their positions. The stock closed that day at $52.93 a share, down from the $254.65 average price at which ARK bought them. Short-sellers of the largest cryptocurrency exchange, Coinbase Global, lost a collective $887 million this week, according to S3 Partners, as shares rallied 48% to $93.05.\n\nAfter a bruising 75% year-to-date loss through July, Coinbase shares began rallying early in the week, accelerating after the firm unveiled a partnership with BlackRock Thursday. The price increases squeezed those betting against the stock, forcing them to close their positions by buying shares and reflexively leading to even higher prices, in what’s known as a short-squeeze.\n\nOver the past 30 days, short-sellers bought shares of Coinbase worth roughly $322 million to close out their positions, an 11% decrease in the total value of publicly available shares that are shorted.
US-based investment giant Blackrock Inc. has signed a deal with Coinbase to provide crypto trading option to its Aladdin Platform users, close on the heels ...
The integration of Coinbase prime will provide the institutional investors the option of seamless crypto trading based on insights and data. Blackrock had also introduced a Blockchain exchange-traded fund (ETF) in April, and the same month, it was declared “a primary asset manager of USDC cash reserves.” This connectivity with Aladdin will allow clients to manage their Bitcoin exposures directly in their existing portfolio management and trading workflows for a whole portfolio view of risk across asset classes.”
The partnership between asset manager BlackRock and Coinbase signals a durability of institutional interest within the crypto segment.
“It’s also worth noting that for now the trading connection between the two is limited to bitcoin purchases.” “I think the strong demand from institutional investors will be one core bullish factor in the next crypto cycle,” Zheng said after the BlackRock deal. By connecting BlackRock’s investment platform, Aladdin, and Coinbase Prime, the companies are providing crypto trading, custody, prime brokerage and reporting capabilities to clients. The move follows other notable crypto efforts by TradFi titans this year that have gained headlines as potential catalysts for advancing the industry. “The partnership between BlackRock’s Aladdin and Coinbase does make it easier from a functionality standpoint for institutional investors to get involved and manage their cryptocurrency assets alongside their traditional investments, but I would be surprised if it opened the floodgates to adoption given that it doesn’t directly address the issues I mentioned,” Miller said. “We believe this news brings additional legitimacy and credibility to this emerging space, which will benefit our industry and customers,” a Fidelity spokesperson said of the BlackRock partnership with Coinbase.
BlackRock Inc. is partnering with Coinbase Global Inc. to make it easier for institutional investors to manage and trade Bitcoin, taking the world's largest ...
Coinbase surged 15% to $92.61 at 1:20 p.m. in New York. The partnership with BlackRock provides some relief for the biggest US crypto-trading platform, whose stock had lost more than two-thirds of its value this year through Wednesday.
Shares of Coinbase soared Thursday after the crypto exchange announced a partnership with BlackRock that will allow its institutional clients to buy bitcoin ...
The unusual jump in Coinbase this week could be related to investors who were betting against the stock scrambling to cover their short positions, a so-called short squeeze. Crypto has also gone down with the broader sell-off in risk assets and is further handicapped by the financial contagion that stemmed from the Terra collapse in the spring. That interest is a beacon in the night for the crypto community.
“Our institutional clients are increasingly interested in gaining exposure to digital asset markets and are focused on how to efficiently manage the operational ...
Shares in cryptocurrency exchange Coinbase Global Inc soared more than 16% on Thursday after it announced that it had partnered with BlackRock , the world's ...
Institutional trading volumes on Coinbase in the first quarter of 2022 were $235 billion compared with $74 billion for retail customers, its filings show. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com
Coinbase just received a major vote of confidence from BlackRock in a deal to bring bitcoin trading to institutional clients of the world's largest asset ...
Should this be proven otherwise, either through an enforcement action or in court, the company would likely be required to either de-list several tokens or register with the SEC, drawing it further under the regulator’s enforcement umbrella. Additionally, the company appears to be directly in the sights of the Securities and Exchange Commission, which recently charged a former employee with insider trading for front-running nine token listings. For Q1 the exchange posted a $430 million loss, its first as a public company, and has culled staff and frozen hiring. However, that changed back in March, when Fink’s annual shareholder letter, issued during the heaviest fighting between Russia and Ukraine, highlighted that the havoc caused by Moscow’s invasion could accelerate the adoption of digital currencies. Coinbase just received a major vote of confidence from BlackRock in a deal to bring bitcoin trading to institutional clients of the world’s largest asset manager. Specifically, the partnership will connect BlackRock’s proprietary investment software, known as Aladdin, to Coinbase Prime, a trading and custody service with 13,000 institutional customers.
BlackRock, the world's largest money manager, announced a partnership with Coinbase Global on Thursday—some good news for an industry where layoffs and ...
The stock rose more than 30% when the market opened and was recently up about 14% at $91.82.\n\nBlackRock’s institutional clients who also own digital assets on Coinbase will now be able to use Aladdin, the asset manager’s suite of software tools, to manage their portfolios and conduct risk analysis on investment decisions.\n\nFor now, the partnership applies only to bitcoin. Coinbase is also facing an investigation from the Securities and Exchange Commission on whether it improperly allowed Americans to trade digital tokens that should have been registered as securities, according to a Bloomberg report.\n\nAsked about the timing of this partnership, a BlackRock spokeswoman said it was part of the asset manager’s long-term cryptocurrency strategy. Client demand will determine how the partnership will expand to other digital assets, a BlackRock spokeswoman said.\n\nA plunge in cryptocurrency prices have prompted layoffs at Coinbase as well as Gemini Trust, two of the largest cryptocurrency exchanges.