April 19, 2024

Goldman Sachs customers will be able to buy "physical" bitcoins

Goldman Sachs Clients Will Be Able to Buy

Goldman Sachs Continues to Delve Deeper into Crypto Business as BTC Rising Price Gets Attentionwealthy clients. So, the US investment bank plans to offer the clients of its private wealth management group tools for investing in bitcoin.

Mary Rich, Newly Appointed LeaderGoldman's global digital assets division, said the offering includes bitcoins and other digital assets. In the second quarter, wealthy clients are expected to gain access to "physical" BTC, financial derivatives or traditional investment products.

The move represents another major milestone in the massive utilization of the asset, which has already made a giant leap forward in the past three months.

Goldman Sachs notes a significant demand for digital assets from its clients, although the banking giant does not yet know how to satisfy this demand while remaining on the regulatory side.

The general director of the bank said that the teamnegotiated with regulators and the Federal Reserve about how they can store digital assets and what are the rules governing their activities when dealing with virtual currencies.

Goldman Sachs Customer Survey on Digital Assetsshowed that 40% of surveyed high net worth clients currently have access to cryptocurrency. In addition, 54% of respondents predict that the price of bitcoin will range from $ 40,000 to $ 100,000.

Despite the fact that the rules for cryptocurrency inThe US remains vague, with the SEC proposing time-limited simplified rules for crypto custodians acting as broker-dealers. They can own such assets in accordance with federal securities laws.

In February, Goldman Sachs re-formed its cryptocurrency trading department, which deals with Bitcoin futures and non-deliverable forward contracts.

Where is it more profitable to buy cryptocurrency? 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— 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 — futures, options, staking, etc.
  • final grade– the average number of points for all indicators determines the place in the ranking.

Goldman Sachs Clients Will Be Able to Buy

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