BlackRock’s Larry Fink: Institutional clients fascinated by crypto but not that interested

CNBC Television published this video item, entitled “BlackRock’s Larry Fink: Institutional clients fascinated by crypto but not that interested” – below is their description.

BlackRock CEO Larry Fink joined “Squawk Box” on Thursday to discuss the crypto market following Coinbase’s direct listing on the Nasdaq. “I don’t believe we should think about crypto as a substitute of currency but I’m fascinated by it as an asset class,” Fink said.

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In This Story: BlackRock

BlackRock, Inc. (NYSE: BLK) is an American global investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world’s largest asset manager, with $7.4 trillion in assets under management as of end-Q4 2019.

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In This Story: Coinbase (Nasdaq: COIN)

Coinbase, Inc. (Nasdaq: COIN) is an American cryptocurrency exchange platform that operates remote-first without an official physical headquarters. The company was founded in 2012 by Brian Armstrong and Fred Ehrsam, and as of March 2021, was the largest cryptocurrency exchange in the United States by trading volume. Coinbase IPO’d on the Nasdaq exchange on 14 April 2021, via a Direct Listing, they carry the stock ticker COIN.

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