Company Of The Day: Goldman Sachs

+10.02%
Upside
356
Market
392
Trefis
GS: Goldman Sachs logo
GS
Goldman Sachs

What?

Goldman Sachs (NYSE:GS) is expanding into trading Bitcoin futures, via a partnership with crypto investment bank Galaxy Digital. Galaxy Digital will act as Goldman’s liquidity provider for Bitcoin futures orders on CME Group.

So What?

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Although Goldman has been divided on the status of Bitcoin as an asset class, with a report from the bank recently noting that the crypto wasn’t a long-term store of value or an investable asset class, Goldman likely still wants to cash in on the crypto boom, considering the increasing demand for bitcoin exposure from its clients.

See Our Complete Analysis For Goldman Sachs

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