Despite the 80% collapse in crypto prices this year, Goldman Sachs says its cryptocurrency trading is significantly higher in native volumes, which translates to being flat in dollar terms.
That’s according to Andrei Kazantsev, who heads Goldman Sachs crypto trading globally. The bank provides market making in cash settled derivatives in the form of non deliverable forwards and options.
The cryptocurrency sector has been talking about its institutional adoption for years. But for a period hedge funds dominated.
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