BlackRock Goes Crypto: Now Offering Cryptocurrency Trading

If you ever think of asset management, you have probably heard of BlackRock. It has a popular name in the community. And now it is launching a cryptocurrency trading service for investors. They would allow users to apply for loans against crypto collaterals, according to the officials from this New York-based company.

Through BlackRock, public pension providers, fund managers can trade cryptocurrencies through Aladdin (Asset, Liability, Debt and Derivative Investment Network), BlackRock’s investment management tool. We don’t know yet when it will be launched.

BlackRock is known for having cryptocurrency ventures, even in the past as well. It has shares in MicroStrategy, and we know that’s a real deal. The plan is to move ahead with cryptocurrencies, insiders have stated.