Investment bank Goldman Sachs notified its employees of the launch of a specialized division forcryptocurrency trading, CNBC reports. The new team has already successfully completed transactions with two types of bitcoin-based derivatives.
The unit is part of a largerthe trading department in the global currency markets and emerging markets and complements the bank's strategy in the digital assets space. Goldman Sachs has been hatching the idea of creating such a team since at least 2017. The plans were subsequently frozen and resumed in March this year, Reuters previously reported. In the latest notification, the company has officially confirmed its participation in cryptocurrency trading for the first time.
The bank notes that it seeks to expandpresence in the cryptocurrency market by “selectively connecting” trading firms to provide liquidity. In addition, this week saw the launch of a software platform where customers can find out about cryptocurrency prices and the latest news, the notice says.
Earlier it became known that Goldman Sachs proposedclients the ability to trade their own bitcoin derivatives. In the latest notice, the company notes that the tool's design avoids the need to interact with cryptocurrency directly.
“We have successfully completed the transactions for non-deliverableBitcoin forwards and CME BTC futures, acting as principal. Please note that the firm is not disposed to conduct transactions with Bitcoin or any other cryptocurrency (including Ethereum) on a physical basis. "- writes Goldman Sachs.
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— 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.
Rate this publication
Read this:
Survey: 40% of Goldman Sachs customers trade bitcoin
Goldman Sachs Bank Launches Bitcoin Futures Trading
Goldman Sachs Expects Big Leap In US BTC Regulation
Goldman Sachs customers will be able to buy "physical" bitcoins
Goldman Sachs To Issue Notes Pegged To Crypto ETFs
Goldman Sachs Resumes Bitcoin Futures Trading