Cryptocurrency Q&A
Why did Goldman Sachs reopen its crypto trading desk?
Why did Goldman Sachs reopen its crypto trading desk?
Bianca
Wed Jul 10 2024
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7 answers
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In recent news, Goldman Sachs has surprisingly reopened its crypto trading desk, reversing a previous decision to shut it down. Could you elaborate on the possible reasons behind this unexpected move? Has the bank recognized the potential of cryptocurrencies as a viable investment option? Are they responding to client demand or anticipating a surge in crypto adoption? Has there been a shift in regulatory landscape that has influenced their decision? Understanding the rationale behind this move could provide valuable insights into the evolving crypto market and the banking industry's stance on digital assets.
7 answers
Eleonora
Fri Jul 12 2024
Last March, CoinDesk disclosed that Goldman Sachs had revived its cryptocurrency trading desk, marking a return after a three-year absence.
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Martino
Fri Jul 12 2024
The move came as a response to the escalating demand from institutional investors seeking exposure to digital assets.
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CryptoLodestarGuard
Fri Jul 12 2024
Goldman Sachs' reinstatement of its crypto trading desk signals the bank's recognition of the growing importance of digital currencies in the financial landscape.
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Bianca
Thu Jul 11 2024
In June of the same year, Galaxy made a significant announcement regarding its collaboration with Goldman Sachs.
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Margherita
Thu Jul 11 2024
Galaxy stated that it would be providing liquidity services for bitcoin futures block trades on the CME exchange, effectively becoming Goldman's liquidity provider.
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