Watch: Coinbase's BlackRock Pact Cements Crypto Status (
Bloomberg's Sonali Basak joins Emily Chang to break down Coinbase's partnership with BlackRock, how investors reacted to the news, and what that means for the future of the crypto exchange in the industry still weighed down by a bear market.
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    Francisco Gimeno - BC Analyst Coinbase joining in partnership with BlackRock is like a bomb in crypto. Having this giant partnering with Coinbase means that traditional business are interested in crypto, even if we are yet in crypto winter. Institutional money wants to get profits which lost in the bear market, and this move maybe wants to give assurance to crypto business that things will become better. Anyway BlackRock always think long term and we will see what all this mean in the future. Not very good for the original idea of crypto/DeFi as alternative to traditional finance though.