Goldman Sachs will increase bitcoin trading volumes

American bank will start working with cryptocurrency futures through Mike Novogratz’s company Galaxy Digital.

Goldman Sachs has partnered with Galaxy Digital to trade Bitcoin futures more actively, CNBC reported .

This is the first time that Goldman Sachs has used counterparty services to work with a cryptocurrency. The company opened a digital asset trading department last month .

Galaxy Digital will be the liquidity provider for the investment bank. He will trade CME Group Bitcoin futures.

At the same time, a new report from Goldman Sachs says that bitcoin does not have long term value and is not an asset class, writes Cointelegraph .

A month ago, the opposite position was expressed. At the end of May, the head of the digital assets department of Goldman Sachs, Matthew McDermott, emphasized that bitcoin has become an investment asset that is in the stage of adoption.