April 19, 2024

Goldman Sachs Will Increase Bitcoin Trading Volume

The American bank will start working with cryptocurrency futures through Mike Novogratz's company Galaxy Digital.

Goldman Sachs Bank has entered into a partnership withby Galaxy Digital to trade bitcoin futures more actively, CNBC reports. This is the first time that Goldman Sachs has used counterparty services to work with a cryptocurrency. The company opened a digital asset trading department last month.

Galaxy Digital will be the liquidity provider for the investment bank. He will trade CME Group bitcoin futures.

At the same time, a new report from Goldman Sachs says that bitcoin does not have long-term value and is not an asset class, writes Cointelegraph.

A month ago, the opposite position was expressed.At the end of May, Goldman Sachs' head of digital assets, Matthew McDermott, emphasized that bitcoin has become an investment asset undergoing adoption.

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