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Goldman Sachs launches the Digital Assets dashboard

Goldman Sachs launches the Digital Assets dashboard, which tracks all important crypto market data

The world-renowned investment bank based in New York is again a little more prepared for cryptocurrencies, also thanks to a new trading team and other news.

oldman Sachs, as the leading global investment banking, securities and investment management firm, does not want to lag behind in terms of digital assets, which is confirmed by the company’s leaked memo.

In this internal memo, which was discovered by CNBC, we learn that Goldman created the cryptocurrency trading team, but also that the company launched a new Digital Assets dashboard.

The new team will be the centralized office for cryptocurrency risk management for Goldman clients and a part of Global Currencies and Emerging Markets (GCEM), led by Mathew McDermott.

As part of our initial launch, we have successfully executed Bitcoin (BTC) NDFs and CME BTC future trades on a principal basis, all cash settling. memo by Rajesh Venkataramani, head of GCEM Foreign Exchange Options Trading

In terms of Goldman Sachs’ preparedness in the field of cryptocurrencies, there is another important step, the launch of a new Digital Assets dashboard, which from now provides daily and intraday cryptocurrency market data and news to clients.

Goldman Sachs began preparing for cryptocurrencies already last summer when it appointed a new global head of digital assets. Mathew McDermott already acknowledged the growing interest of institutional clients in cryptocurrencies at that time and also revealed that the company was considering creating its own fiat digital token.

The article is taken from News24 and not the property of The London Crypto Exchange.