Crypto Trading

Goldman Sachs Offers ETHEREUM In Crypto Trading Desk

Goldman Sachs Offers ETHEREUM In Crypto Trading Desk

Goldman Sachs Offers ETHEREUM In Crypto Trading Desk

Goldman Sachs, one of the largest investment banks in the U.S, is now planning to expand its crypto trading desks to Ethereum in the next few months. This will set the stage for the investment bank to facilitate the trading of the second-largest cryptocurrency Ethereum and marks a significant departure from the bank’s previous attitude towards digital assets.

Mathew McDermott, the director in charge of managing digital assets at Goldman Sachs, confirmed the announcement on Monday that the investment bank is expanding its facilities to provide Ethereum trades, options, and futures. McDermott stated the institutional demand for digital assets will keep growing despite the market volatility, Bloomberg News reported during the interview.

McDermott believes the institutes will adopt digital assets sooner or later, but they will in fact continue to adopt them, despite the material price correction and the significant rise in interest.

Expanding into Ethereum is the latest step for the Wall Street giant, Goldman’s revived trading desk this year. Offering trading platforms to clients to publicly trade futures tied to cryptocurrency. In addition to offering options, futures, and trading platforms to Bitcoin enthusiasts, McDermott stated the investment bank is planning to facilitate the trades through exchange-traded notes that keep track of Bitcoin.

#Ethereum #GoldmanSachs #GoldmanSachsEthereum

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One Comment

  1. Leave a comment down below what you think of this video and give a like! Who owns ETHEREUM in their portfolio? ✋🚀👍

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