{"id":18123,"date":"2022-02-10T10:26:39","date_gmt":"2022-02-10T09:26:39","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=18123"},"modified":"2022-02-10T10:29:28","modified_gmt":"2022-02-10T09:29:28","slug":"blackrock-set-to-launch-crypto-trading-report","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/blackrock-set-to-launch-crypto-trading-report\/","title":{"rendered":"BlackRock reportedly set to launch crypto trading services"},"content":{"rendered":"\n
World\u2019s largest asset manager BlackRock<\/a>, according to reports is looking to launch crypto trading services for its clients.<\/h5>\n\n\n\n
\"BlackRock<\/figure><\/div>\n\n\n\n

According to a CoinDesk story citing persons familiar with the topic, BlackRock, a New York-based international investment management organization, is planning to launch a cryptocurrency trading service.<\/p>\n\n\n\n

Blackrock's flagship Aladdin platform, which is responsible for handling trillions of dollars in assets, will purportedly allow institutional clients<\/a> to trade digital assets.<\/p>\n\n\n\n

One of the company's job advertisements from last year stated that it was developing a blockchain approach for its incredibly sophisticated portfolio management software. The report has yet to be confirmed by the world's largest asset manager, which has $9.\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>5 trillion in assets under control.<\/p>\n\n\n\n

BlackRock trades Bitcoin futures<\/h2>\n\n\n\n

As reported earlier in January 2021, BlackRock permitted two of its funds to get exposure to Bitcoin futures<\/a>. Rick Rieder, Blackrock's global fixed income CIO, stated in February that the business had begun “dabbling” in Bitcoin.<\/p>\n\n\n\n

After forecasting that cryptocurrencies might represent a threat to the US dollar's hegemony, CEO Larry Fink said in April that they could evolve into “a terrific asset class.”<\/p>\n\n\n\n

However, after JPMorgan CEO Jamie Dimon lambasted Bitcoin as worthless in October, Fink indicated he was “probably” in Dimon's camp.<\/p>\n\n\n\n

Tesla's decision to abandon Bitcoin payments<\/a> was also said to be influenced by BlackRock, the e-car maker's third-largest shareholder.<\/p>\n\n\n\n

Rieder predicted in September that the price of Bitcoin will rise “substantially” in the future. He has previously complimented the flagship cryptocurrency for its longevity, claiming that it might “to a considerable extent” replace gold.<\/p>\n","protected":false},"excerpt":{"rendered":"

World\u2019s largest asset manager BlackRock, according to reports is looking to launch crypto trading services for its clients. According to a CoinDesk story citing persons familiar with the topic, BlackRock, a New York-based international investment management organization, is planning to launch a cryptocurrency trading service. Blackrock’s flagship Aladdin platform, which is responsible for handling trillions […]<\/p>\n","protected":false},"author":12,"featured_media":8368,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[5371,5748,6748,5392,5887],"class_list":["post-18123","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","tag-bitcoin-2","tag-bitcoin-futures-2","tag-blackrock-2","tag-cryptocurrency-2","tag-investors-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/08\/BlackRock-has-invested-almost-400-million-into-Bitcoin-mining-firms-scaled.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/18123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=18123"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/18123\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/8368"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=18123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=18123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=18123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}