BlackRock Planning to Offer Bitcoin Trading: Report Today

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The world’s largest asset manager, BlackRock, is reportedly planning to offer a bitcoin trading service to its investor clients, three people familiar with the matter told CoinDesk.

BlackRock entering the Bitcoin space by offering investment products to its clients could represent a watershed moment to the digital currency given that the New York-based firm manages over $10 trillion in assets for institutional investors.

One of the people reportedly said the asset manager would let its clients get access to loans by putting up cryptocurrency as collateral with “client support trading and then with their own credit facility.”

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