Goldman Sachs unveils that it is offering bitcoin investments for its institutional clients by observing the interest of the investors in the cryptocurrencies, reported on Thursday.
Goldman Sachs Offers BTC Investments
The main idea behind the firm to launch bitcoin trading to the customers. Because of the remarkable growth and development of the crypto market. Moreover, the firm’s intention is to majorly target the individuals, families, and people who endow around $25 million
Goldman Sachs has unlocked the trick of trading a bitcoin product with future contracts. The main agenda of Goldman Sachs is to secure itself from the market index of bitcoin trading in A block trade with its competitor.
The strategic plan of Goldman introduces Cumberland DRW as their trading fellow member to trade the future bitcoin against the unstable state of cryptocurrencies on CME Group.
Moreover, the scheme of trading in cryptocurrency already introduced by Goldman Sachs in the year 2018 when the value of bitcoin faced a deep slope down in the crypto market which made the investors speechless.
In addition to this post, Goldman’s Asia pacific head of digital assets, Mary Rich announced that this particular inauguration of offering bitcoin investments to our wealthy clients will start in the preceding quarter to serve the wealthy clients by providing respective access for private ecosystems of the firm.
Goldman Sachs feels proud that it has re-established its bitcoin trading bureau by early March and also commented that it has noted the huge demand for Bitcoin (BTC) in all financial sectors.
