In the latest report Goldman Sach states that they are ready to help hedge funds and other giant institutions interested in taking steps in Bitcoin.
Recent, Goldman Sachs has started trading Bitcoin futures with Galaxy Digital, the merchant bank founded by Mike Novogratz.
This trade shows the first time Goldman uses digital asset firms as partners since the investment bank offers crypto services. By becoming a major investment bank A.S that started trading Goldman crypto basically protecting other banks to invest in crypto.
Analysts see this is a positive sentiment because if some banks have begun doing so then the other banks will also be fomo, thereby encouraging them to participate in offering crypto investment services.
Max Minton Digital Asset Manager for the Asia Pacific Region Goldman, in a statement saying that in 2021 the alternative electrical options were also available to customers and we were also happy to be able to work with other banking. Galaxy will act as a bridge connecting financial and crypto companies. It also serves as a liquidity provider for trading of Bitcoin Goldman Sachs futures block.
Despite the opposition due to doubtful doubts about Bitcoin, due to strong demand then it encourages banks to offer Bitcoin derivative investment. At the same time, Goldman plans to introduce Ethereum futures to customers.
