Goldman Sachs, on June 18, set a new path for banking institutions by beginning to exchange Bitcoin futures with Mike Novogratz’s Galaxy Digital network.
The move by Goldman Sachs bank will pose a challenge in the banking ecosystem and could have an incredible impact on crypto.
Galaxy Digital will provide Goldman Sachs with the best execution prices and safe access to the futures and assets.
According to many sources, Goldman Sachs is the first bank in the US to trade cryptocurrency actively.
According to Mr. Vanderwilt, hopefully, more banking institutions could join the crypto world soon because of the fear of missing out.
The partnership between Goldman and Galaxy digital proves to banks that there are ways to go around the strict regulations set for fiat banks against crypto.
After this move, it’s clear that financial institutions are increasingly trusting Bitcoin and the crypto world.
Hence, volatility issues in Bitcoin will vastly reduce and ultimately end as the currency’s adoption continues.
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