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Goldman Sachs Restarts Cryptocurrency Desk

M. Ali 2 March, 2021 3:45 am Cryptocurrency, Market Update

Goldman Sachs Group resumed the activity of its cryptocurrency trading desk, Reuters reported.

As part of the Global Markets division, the bank will begin trading bitcoin futures starting next week, according to an unnamed source.

The bank is reportedly exploring the potential for a bitcoin exchange traded fund (ETF).

The cryptocurrency desk was originally found in 2018 and its return comes amid increased institutional demand for digital assets.

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