BlackRock, the world’s largest asset manager), teamed up with the crypto exchange Coinbase in a move that both Wall St and crypto types are watching closely. According to BlackRock, the partnership will help clients better manage and trade their Bitcoin. The deal comes at an interesting time for Coinbase, as it faces over $1 billion loss) for the second quarter of 2022 and intense regulatory scrutiny on multiple fronts.
Bloomberg reporters Yueqi Yang and Silla Brush join this episode for more on the latest Wall St foray into crypto.
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