Goldman Sachs to offer Bitcoin futures trading in partnership with Galaxy Digital
Mike Novogratz’s Galaxy Digital will serve as the counterparty entity for Goldman Sachs’s Bitcoin futures trading product. Go to Source Powered by WPeMatico
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Goldman Sachs analysts divided over whether Bitcoin is an ‘investable asset class’
Goldman has flip-flopped again declaring crypto assets as unworthy of investment in the same week it expands its crypto trading desk. Go to Source Powered by WPeMatico
Goldman Sachs Expands Cryptocurrency Trading Desk With Ether Futures and Options
Investment bank Goldman Sachs has reportedly unveiled its plans to expand its cryptocurrency desk to offer ether futures and options trading. The bank says “institutional adoption will continue,” noting that “Despite the material price correction, we continue to see a significant amount of interest in this space.” Goldman Sachs Gets Ready to Offer Ether Futures … Read more
Goldman Sachs’ crypto trading desk expands to Ether
After being critical of cryptocurrencies, the Wall Street investment bank officially embraced Bitcoin earlier this year. It’s now expanding its offerings to include Ether. Go to Source Powered by WPeMatico
Goldman Sachs backs $28M funding round for Blockdaemon
Goldman Sachs has backed a Series A $28 million funding round for Blockdaemon, and invested $5 million in the blockchain infrastructure firm. Go to Source Powered by WPeMatico
Asian hedge fund managers favor growth over Bitcoin: Goldman Sachs survey
One third of participants see Bitcoin as the least preferable investment asset. Go to Source Powered by WPeMatico
Goldman Sachs Survey: Chief Investment Officers Say Bitcoin Is Their Least Favorite Investment
Investment bank Goldman Sachs recently held two roundtable sessions for chief investment officers of hedge funds. The bank found that they see bitcoin as their least favorite investment. In contrast, the latest Bank of America Fund Manager Survey found that “long bitcoin” was the most crowded trade. CIOs Reveal Their Most and Least Favorite Investments … Read more
Bitcoin is risky digital ‘copper’, it’s not gold — Goldman Sachs commodities boss
Jeff Currie, the global head of commodities research at Goldman Sachs, described Bitcoin as a “risk-on” asset that is similar to copper as a hedge against inflation. Go to Source Powered by WPeMatico
Lack of knowledge is main barrier to crypto adoption, new survey says
55% of survey respondents said that they were aware of crypto despite never owning or using cryptocurrencies. Go to Source Powered by WPeMatico
Banks cautious about crypto ahead of COVID-19 testimony before US Senate
CEOs of major American banking institutions are heading to Washington to face legislators’ questions about how they will aid a post-pandemic economic recovery. Go to Source Powered by WPeMatico