April 20, 2024

Goldman Sachs Bank Launches Bitcoin Futures Trading

Goldman Sachs Bank Launches Bitcoin Futures Trading

March 1 Goldman Sachs Grou Inc. “has relaunched its cryptocurrency trading platform and will startwork with bitcoin futures and non-deliverable forwards for clients. "

According to Reuters, the platform team will be part of the US bank's global markets division.

In addition, it is reported that Goldman is studying the potential of the fund, traded on the bitcoin exchange, and is studying the issue of holding digital assets.

There is currently no official confirmation of this information, but it appeared at the moment whenBig Wall Street Firms Prepare to Recognize Bitcoin's Legitimacy as an Alternative to Gold.

For detailed information on where you can trade bitcoin futures, see here.

Gold Beetle Peter Schiff, who has consistently criticized Bitcoin, was forced to admit that Wall Street has changed its stance on BTC:

«I find it interesting that large firms withWall Street, which has a portfolio of hard-to-perform mortgages that were completely crushed by the 2008 financial crisis and would have gone bankrupt if not for the Fed's bailout, are now advocating buying Bitcoin to profit from the Fed's bailout.

Goldman Sachs Bank Launches Bitcoin Futures Trading

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Jurrien Timmer, director of global macroeconomics at Fidelity Investments, published a 12-page study on Bitcoin yesterday. He concluded his report as follows:

&#171;If Bitcoin is a store of value,Since it is scarcer than gold and has potentially exponential demand dynamics, is it worth considering for inclusion in a portfolio (at a reasonable level and at least alongside other alternatives such as real estate, commodities and some index-linked securities)? &#187;

&#171;Despite the many risks discussed,including factors such as volatility, competitors and political interference, for some the answer is "yes"... For these investors, the question is more of "how much?".&#187;

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Bybit https://bybit.com 7.5
3 OKEx https://okex.com 7.1
4 Exmo https://exmo.me 6.9
5 Huobi https://huobi.com 6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability&#8212; stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • Platform Features– availability of additional features &#8212; futures, options, staking, etc.
  • final grade– the average number of points for all indicators determines the place in the ranking.

Goldman Sachs Bank Launches Bitcoin Futures Trading

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