Galaxy Digital Provides Liquidity for Goldman Sachs' Bitcoin Futures Block Trade
Assets management company Galaxy Digital Holdings Ltd. recently announced that it will provide liquidity for Goldman Sachs' Bitcoin futures block trades as the bank expands its cryptocurrency offering.
Let's recall that, Goldman Sachs has officially set up a cryptocurrency trading team last month. In March this year, the bank has relaunched cryptocurrency trading desk and plans to deal bitcoin futures and non-deliverable forwards.
Commenting on this news, Damien Vanderwilt, Co-President and Head of Global Markets at Galaxy Digital, said, "Goldman's trust in us validates our institutional expertise and the strength of what we're building here at Galaxy. We are proud to be a strategic partner of Goldman and look forward to working with Max and his team to meet the increasing demand from institutions and pave the way to broader adoption of cryptocurrencies as an asset class."
"Our goal is to equip our clients with best execution pricing and secure access to the assets they want to trade. In 2021, this now includes crypto, and we are pleased to have found a partner with a broad range of liquidity venues and differentiated derivatives capabilities spanning the cryptocurrency ecosystem to help fulfill this goal," added Max Minton, Head of Digital Assets for Goldman Sachs' Asia-Pacific Division.
As Fazzaco reported earlier, Galaxy Digital has announced its acquisition of BitGo, a leading digital asset financial services provider, for a total sum of around $1.2 billion. The latest acquisition is expected to enable Galaxy Digital to be a leading global full-service platform for institutions who seek access to the crypto economy, offering an unparalleled breadth of industry-leading products and services at scale.
Subscribe Now
