Crypto Week In Review: Goldman Sachs Furthers Crypto Foray, Coinbase Secures Funding23.39

Although relative non-action in crypto markets has continued, with prices stagnating en-masse, prominent institutions, such as Goldman Sachs and Tiger Global, still seem ready to pounce on what this nascent industry has to offer.

Per an insider scoop from The Block, Wall Street’s golden child, Goldman Sachs, recently began to onboard a “small number” of institutional clients to test the waters for Bitcoin (BTC) non-deliverable forward contracts. The vehicle, which is a futures-tied derivatives instrument, will reportedly be the first on Goldman’s rumored crypto-centric trading desk, which was first hinted at in May 2018.

Original source
https://www.newsbtc.com/2018/11/04/crypto-week-in-review-goldman-sachs-furthers-crypto-foray-coinbase-secures-funding/

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