The world's biggest asset manager, BlackRock, has announced its intentions of planning to provide cryptocurrency trading capabilities to its investor clientele. As such, clients will be permitted to borrow from BlackRock by offering cryptocurrency assets as collateral.
The New York-based firm, which manages more than $10 trillion in assets for institutions, intends to join the cryptocurrency industry with 'client assistance trading and later with their own respective credit facility', according to the company's website.
BlackRock's clients, which also include public pension schemes, endowments, and independant wealth funds, shall be able to trade cryptocurrencies using Aladdin, the asset manager's integrated investment management platform.
The official launch date of the new service is currently unknown.
 
BlackRock Announces Intentions To Provide Cryptocurrency Trading Capabilities
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