Tags : Goldman

Bitcoin

Goldman Sachs announces Ethereum futures, institutional interest grows

US multinational bank Goldman Sachs Group Inc. plans to offer trading in Ethereum (ETH) futures, the company’s global head of digital assets, Mathew McDermott, told Bloomberg. Futures are financial instruments that allow traders to bet (usually with ‘leverage’) on the price movements of underlying assets without the need to hold that asset. This helps avoid […]Read More

Bitcoin

Goldman Sachs studies crypto as an asset class—a year after

Major American investment bank Goldman Sachs has seemingly recognized that cryptocurrencies are an emerging new asset class after all—despite stating otherwise just a year ago, according to its recent report. A part of this paper, posted on Twitter by economist Alex Krüger yesterday, explained that Goldman Sachs, among other things, turned to crypto-related companies like […]Read More

Bitcoin

Goldman Sachs is trading Bitcoin a year after saying crypto

US bank Goldman Sachs has launched a cryptocurrency trading team, as per a report this morning on news outlet CNBC. Goldman Sachs just formed an entire cryptocurrency trading team under their Global Currencies divsion. Last year, they called #bitcoin “not an asset class” — Documenting Bitcoin 🟩 (@DocumentingBTC) May 7, 2021 From no crypto to […]Read More

Bitcoin

Goldman Sachs to Offer Bitcoin Products to Wealthy Clients

Goldman Sachs will now offer Bitcoin-based investment products to clients of its private wealth management group. According to Mary Rich, the global head of digital assets, the bank will aim to offer investments in the emerging digital asset class as early as this quarter. “We are working closely with teams across the firm to explore […]Read More

Bitcoin

Goldman Sachs joins the Bitcoin bandwagon at the behest of

The U.S. investment bank and financial services company Goldman Sachs will offer Bitcoin and other cryptocurrencies to its private wealth management group. Bitcoin proving to be an unstoppable force Mary Rich, recently appointed as Vice President of Digital Assets, Private Wealth Management Consumer and Wealth Management Division at the firm, expects rollout in Q2 this […]Read More

Bitcoin

22% of Goldman Sachs clients say Bitcoin is going ‘over

A small but significant percentage of the clients of US bank Goldman Sachs say that Bitcoin would cross the six-figure mark in the coming years, the bank said in a report released Thursday. Why Goldman clients like Bitcoin From the 280 respondents of a survey titled “GS Digital Assets Client Survey,” the bank found that […]Read More

Bitcoin

Former Goldman Sachs exec Raoul Pal: Bitcoin price could hit

Bitcoin has finally begun to cool down after an extremely strong rally in December and early January. After peaking at $42,000 earlier this month, the cryptocurrency has settled toward $31,000, which is over 25 percent off those highs. Analysts remain confident that this malaise won’t stop the trajectory of the market in the medium to […]Read More