NewsletterGoldman Sachs Expands Its Key Service For Crypto Investors and Traders
Leading global financial services firm Goldman Sachs expands another service for crypto investors and traders as it considers massive potential in crypto in the future and looks to invest millions in the crypto and blockchain companies.
Goldman Sachs has expanded its Visual Structuring derivatives price discovery and trade idea generation tool into crypto, as per a press release. The firm has also added the tool for equities and precious metals trading, after launching the tool for FX in September.
Visual Structuring available through Goldman Sachs Marquee platform for institutional clients will offer intuitive derivatives price discovery for crypto traders and investors. It allows clients to assess price variations, assess scenarios, and run backtesting analysis, with real-time collaboration with colleagues. Additional features include use of machine learning technology, natural language inputs, and group sharing.
Chris Churchman, head of Goldman Sachs Marquee, said:
“It transforms the workflows of our clients in a revolutionary way that both saves them time and helps them make better decisions. Expanding cross asset was always the intention, and we are delighted to be able to add equities, crypto and precious metals so quickly after the initial launch.”
Goldman Sachs Marquee’s Visual Structuring tools will now be available on web and Android versions, in addition to the iOS version launched earlier.
Goldman Sachs Sees Rising Crypto Demand
With cryptocurency adoption rising rapidly, Goldman Sachs’s institutional clients seeking to invest in cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). The bank continues to expand its footprint in the emerging cryptocurrency industry from trading the first block trade of Bitcoin futures in Asian markets to offering tools for better crypto investing.
Goldman Sachs traded a Bitcoin-linked instrument with crypto bank Galaxy Digital, announced launching the crypto classification system Datanomy to help classify coins and tokens, and plans to invest millions in crypto companies.
Also Read: Bitcoin Bull Run Set Up? BTC Miners 30 Day Avg Revenue Jumps
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- What Next for XRP Price as Bitcoin Falls Below $83,000 Again?
- BONK Gets Major Boost as BitCapital Prepares to Launch Its First ETP on Swiss Exchange
- Bitcoin Price Will Rally to $200K After Crashing to $58K, Peter Brandt Predicts
- Michael Saylor’s Strategy Faces Removal From Nasdaq 100 Amid Crypto Market Crash
- Crypto Market Crash: $1B in Bitcoin, ETH, SOL & Top Altcoins Liquidated Ahead of Options Expiry
- Ethereum price Drops Below $2,700 as US Jobs Data Hits Rate-Cut Hopes
- Dogecoin Price Forecast: Will DOGE Hold Above $0.15 or Fall Lower?
- Pi Coin Price Eyes a 105% Surge as Bullish Patterns Align With Bullish Fundamentals
- Will XRP Price Rally to $3 After Bitwise Launches First XRP ETF on NYSE?
- Ethereum Price Hits Historical Liquidity Reset — Is a Bounce Coming?
- Solana Price Prediction: Key Indicators That Could Propel SOL Toward $200
