Breaking: Goldman Sachs re-opens cryptocurrency trading desk

Goldman Sachs Group Inc has announced the re-opening of cryptocurrency trading.
Starting next week, the platform will support Bitcoin futures and non deliverable forwards.
Additionally, the bank is also looking into the potential of a Bitcoin Exchange Traded Fund (ETF).

FXStreet Team FXStreet

Bitcoin trading has exploded in the past several months. The digital asset has just broken the $50,000 level for the first time ever and hit $1 trillion in market capitalization. It seems that this recent activity has sparked the interest of big institutions again.

The trading desk reboot comes amid growing interest by institutions in bitcoin, which has soared more than 470% over the past year. The largest cryptocurrency is seen by investors and some companies as a hedge against inflation as governments and central banks turn on the stimulus taps.

Back in 2018, Goldman Sachs first opened a crypto trading desk, right after Bitcoin bull run into one of the worst bearish markets of the digital asset.

However since then many large institutions have invested in Bitcoin, including the giant electric car manufacturer Tesla, which invested $1.5 billion.

Author

FXStreet Team

FXStreet

Ripple slides to $1.45 as downside risks surge

Ripple edges lower at the time of writing on Tuesday, from the daily open of $1.48, as headwinds persist across the crypto market. A short-term support is emerging at $1.45, but a buildup of bearish positions could further weaken the derivatives market and prolong the correction.

Bitcoin slips below $68,000 as defensive stance limits recovery

Bitcoin edges lower on Tuesday, extending consolidation in a trading range for over ten days. Market conditions remain defensive, with sustainable recovery depending on renewed spot demand, report says.

Crypto Today: Bitcoin, Ethereum, XRP upside looks limited amid deteriorating retail demand

The cryptocurrency market extends weakness with major coins including Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) trading in sideways price action at the time of writing on Tuesday.

Meme Coins Price Prediction: Bears push Dogecoin, Shiba Inu, Pepe to the ropes

Meme coins, including Dogecoin, Shiba Inu, and Pepe, are under pressure on Tuesday, extending Sunday’s decline. The derivatives data show substantial outflows from DOGE, SHIB, and PEPE futures Open Interest, primarily driven by long-side-skewed liquidations.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: BTC bears aren’t done yet

Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.