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Coinbase Inks Deal to Provide Crypto Services for BlackRock Clients, Shares Soar

Coinbase announced on Thursday that it will provide crypto services to BlackRock clients, sending the company's shares soaring. The firm's trading platform for crypto assets, Coinbase Prime, will provide crypto trading, custody, prime brokerage and reporting capabilities to institutional clients on BlackRock's Aladdin, who are also Coinbase clients.

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