Goldman Sachs Brings Back Bitcoin Trading Desk as the Firm Sees Crypto Market...
Global investment bank Goldman Sachs has brought back its bitcoin trading desk and will start handling bitcoin futures next week. The firm is also reportedly exploring the potential for a bitcoin exchange-traded fund (ETF) and plans to provide a crypto custody service. Goldman Sachs Group Inc. has restarted its cryptocurrency trading desk, Reuters reported Monday, citing a person familiar with the matter. Goldman first set up a cryptocurrency desk in 2018, after a bull run as the price of bitcoin was falling from record highs, muting investor interest in the cryptocurrency. The desk....
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Investment bank Goldman Sachs has officially formed a cryptocurrency trading team, according to the firm’s internal memo. Goldman Sachs says it is working to broaden its market presence in the crypto space and is currently selectively onboarding new liquidity providers to help expand its crypto service. Goldman Sachs Now Has Dedicated Cryptocurrency Trading Team Goldman Sachs has officially set up a cryptocurrency trading team, according to the bank’s internal memo seen by CNBC Friday. The publication described that this memo was the first time the New York-based investment....
The Bitcoin market is a different beast compared to late 2017 when Goldman Sachs balked at launching its crypto trading desk. Peter Brandt, a popular veteran trader and CEO of proprietary trading firm Factor LLC, recently gave his thoughts on Goldman Sachs potentially restarting its cryptocurrency desk.Us old-timers have learned that whenever @GoldmanSachs enters a market niche it is time to guard your money. $BTC pic.twitter.com/tHfRkS4igb— Peter Brandt (@PeterLBrandt) March 1, 2021 On Dec. 21, 2017, a similar Bloomberg piece stated that Goldman Sachs would set up a cryptocurrency....
John Waldron said the investment management firm would “continue to evaluate” and “engage on” crypto for customers. U.S. banking giant Goldman Sachs recently decided to restart its cryptocurrency trading desk. This has reportedly led to an increased demand for digital assets among its customer base.According to a Reuters report, Goldman Sachs chief operating officer John Waldron said the firm is exploring how to meet an increasing demand from clients looking to invest in Bitcoin (BTC). The chief operating officer said Goldman Sachs would “continue to evaluate” and “engage on” crypto for....
Investment bank Goldman Sachs has reportedly unveiled its plans to expand its cryptocurrency desk to offer ether futures and options trading. The bank says “institutional adoption will continue,” noting that “Despite the material price correction, we continue to see a significant amount of interest in this space.” Goldman Sachs Gets Ready to Offer Ether Futures and Options Trading Goldman Sachs’ head of digital assets, Mathew McDermott, has reportedly revealed that the global investment bank plans to offer futures and options trading in ether (ETH) in the....
Goldman Sachs doubles down on its crypto bet. In April, the banking institution allowed its wealthiest clients to invest in Bitcoin-based investment products, relaunch its crypto trading desk, and has been opening to this asset class. Now, Goldman Sachs participated in blockchain infrastructure provider Blockdaemon’s $28 million Series A investment round. Led by Greenspring Associate, […]