Goldman Sachs, Galaxy Digital Announce Milestone Over-The-Counter Crypto Trade | CoinMarketCap

From a flashy useless digital asset used by criminals to a store of value with potential use cases, how BTC is changing the mindset of institutional investors after a decade? Read more!👇 By CMCAlexandria Author: sarahahmed_ Editor: YousraAASheikh

crypto trade. According to CNBC, Goldman is the first major U.S. bank to trade crypto over the counter. The bank traded a bitcoin-linked instrument called a non-deliverable option with Galaxy Digital, the firms said.

This step also entailed Goldman making wagers on the price without directly owning it, which is a way that hedge funds have been looking for. Consequently, this development is expected to lead to more involvement from other institutional investors down the road. This move is also seen as a way for Goldman to increase the maturity of assets of hedge without directly owning them. Consequently, other banks are expected to follow suit in order to offer their clients similar exposure to the crypto market. Commentators say the move could help legitimize cryptocurrencies and lead to increased institutional investment

Despite This Progress, There Are Still Some Hurdles To Overcome Before Cryptocurrencies Can Be Adopted More Widely By Institutions

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