BlackRock’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.
Services in the company’s Prime offering will be available to clients of BlackRock’s portfolio management platform for institutional investors, Aladdin, the company said on its blog. Coinbase will provide … trading, custody, prime brokerage, and reporting capabilities. BlackRock is the largest asset manager in the world with more than $8 trillion under management.
Finviz shows COIN's short float as almost 20%, so some of the price change might be due to a short cover rally. Looks like trading on COIN was halted this morning for a short period of time. Curious to see how much revenue this will actually bring them long term. Earnings are also next week (08/09/22), but obviously won't have anything to do with this.
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