Asset management giant BlackRock plans to offer cryptocurrency trading

Bitcoin ETF volgens BlackRock: Risico overgedragen aan cryptocurrency marketmakers

Suspicions that BlackRock is interested in the crypto-asset market have long been feverish among the public. Meanwhile, some facts have come to light that make us say not “if” but “when” it will take place.

BlackRock’s new offering?

BlackRock clients will get the opportunity to trade based on cryptocurrencies. It is to be done through the Aladdin platform. This is what one of the three anonymous sources, who probably works inside BlackRock, claims.

The anonymous source decided to reveal elements of internal findings and claims that BlackRock has decided to enter the cryptocurrency space . The company’s goal is to enable trading of virtual assets, while also providing its own credit system. In it, crypto assets would have the character of collateral when the customer takes a loan.

The investment giant also intends to allow its clients to trade Bitcoin and altcoins based on Aladdin (short for “Asset, Liability, Debt and Derivative Investment Network”). It is a platform that is an asset manager, available to the company’s clients. Public pension plans and wealth funds are also to be affected. The signal for this kind of change was already in place last June, when BlackRock was recruiting for the Aladdin Blockchain Strategy Manager position.

Other voices coming out of BlackRock indicate that the company is taking a very serious look at the market, as well as vendors in this space. This could indicate that a high-profile collaboration is coming up. The last of the sources reveals that there is a group of 20 people inside the company that is doing a deep review of the market. This group is looking at the current flow of capital into the virtual world and is working to open up avenues for the company to profit for both itself and its customers.

Lots of speculation, but market share so far indirect

BlackRock is the world’s largest equity management company. Its portfolio currently holds $10 trillion in institutional assets. It has long been touted as the potential largest investor in the cryptocurrency sector. Unfortunately, expectations have long fallen short. Meanwhile, BlackRock has taken an indirect interest in Bitcoin. It owns a 16.3% stake in MicroStrategy, managed by Michael Saylor. The company also has in its plans to launch the iShares Blockchain and Tech ETF, a fund that tracks an index consisting of companies involved in blockchain technology, both in the United States and abroad.

Disclaimer: Blockbulletin does not take accountability of investments based on the information of the website. We highly advice readers to make extensive research prior to any invest

Share this article

More news


XRP outperforms Bitcoin and Ethereum

In the past week, XRP decisively outperformed its main rivals, Bitcoin (BTC) and Ethereum (ETH), in terms of capital flows. Moreover, it recorded an impressive $2.7 million…

Solana and Avalanche on the eye of investment funds

Two alternative coins, Solana (SOL) and Avalanche (AVAX), are gaining increasing interest and are successively attracting the attention of investment funds. Although bitcoin (BTC) remains the main…
All articles loaded
No more articles to load


Cryptocurrency wallets

Cryptocurrency wallets

We talked about security when trading crypto assets in an article titled “Online security“. We also mentioned how important it…
hardware wallets

Cryptocurrency hardware wallets

From the article titled “Cryptocurrency wallets” you learned about the different types of wallets. They were briefly characterized there. Let’s…
Where to buy cryptocurrency brokers

Which cryptocurrency Brokers to use

In the article “Where to Buy Cryptocurrencies (Exchanges)“, we introduced you to which exchange platforms you can purchase cryptocurrencies on.…
Trading cryptocurrencies

Trading cryptocurrency

In the cryptocurrency market, you face many opportunities to invest in cryptocurrency or buy or sell cryptocurrency. If you want…
All articles loaded
No more articles to load


All articles loaded
No more articles to load

Latest news

All articles loaded
No more articles to load