Coinbase shares soar after BlackRock reveals Bitcoin partnership

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City AM

By Charlie Conchie The world’s biggest asset manager BlackRock announced a partnership with Coinbase today to ease the way that institutional investors can buy and track Bitcoin, sending shares in the crypto bourse soaring beyond 30 per cent. The deal between the two firms will allow top investors to oversee their Bitcoin exposure and facilitate trading on BlackRock’s investment management platform Aladdin, while Coinbase will provide trading, custody, prime brokerage and reporting, BlackRock said. The focus of the partnership will “initially be on Bitcoin”, the firm said in a statement. It ma…

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