Goldman Sachs will cooperate with Galaxy Digital to provide bitcoin futures trading

Goldman Sachs launched Bitcoin (Bitcoin) Cooperate with crypto investment giant Galaxy Digital to provide futures trading products for its clients.

According to CNBC reports, mobile This marks the first time Wall Street Bank has cooperated with a liquidity provider based on digital assets. Damien Vanderwilt, co-president of Galaxy Digital, said that the company provides a gateway to the crypto field, allowing a strictly regulated entity like Goldman Sachs to provide crypto-related investment products.

According to reports, Goldman Sachs will provide CME Group Bitcoin futures to its clients, marking another expansion of its recently established crypto trading platform. This move came quickly after the bank announced the launch of Ether earlier.Ethereum) Futures and options.

For Van der Wilt, Goldman Sachs’ offering of BTC futures trading will help more institutional investors enter the field of crypto investment, and Galaxy executives believe this will help reduce price fluctuations.

Van der Wilt also stated that this move will be an example of other Wall Street banks, showing that cryptocurrency is possible.

In fact, as Cointelegraph previously reported, The demand for cryptocurrency seem Growing up on Wall Street Some banks recently announced plans to establish trading desks for new asset classes.

related: Goldman Sachs analysts are divided on whether Bitcoin is an “investable asset class”

Max Minton, Goldman Sachs Asia Pacific Digital Assets Director, stated that providing bitcoin futures trading is part of the bank’s goal of providing customers with preferred assets, adding:

“By 2021, this now includes encryption, and we are happy to find a partner with a wide range of liquidity venues and differentiated derivatives capabilities across the cryptocurrency ecosystem.”

Although the bank is about to announce, it is reported that there are still several Goldman Sachs data Not sold on Bitcoin As the “investable asset class”. In early June, the bank’s commodity director argued that BTC is more similar to “risk appetite” assets such as copper Rather than an inflation hedge like gold.