Following a wave of institutional solicitation, Goldman Sachs became the first regulated financial institution to offer Bitcoin-based futures contracts through its New York branch.
The movement was forecast by market analysts as eToro, who said since the beginning that institutional investors will be interested to enter the market when crypto is low because they missed it last November.
Goldman Sachs is one of the most important players on the US financial market, providing services to a multitude of clients such as investment funds, foundations and companies with significant amounts.
"No matter what position they have, bears or bulls on the cripto market, big investors will inject liquidity into the cryptomonas market, which will help stabilize prices,
explained eToro analysts.
Bitcoin derivatives are not new to the market - CBOE and BitMEX have started offering such products to retail investors since December 2017.
As a matter of fact, BitMex posted unexpectedly high profits in January of $ 21 million, as the crypto market faced a dramatic decline. Currently, Bitcoin futures record a volume of about $ 3 million a day.
At the moment, there are five global companies that offer Bitcoin futures contracts - BitMEX, CBOE, CME Group in the US and CryptoFacilities and Coinfloor in the UK.
Although they have the advantage of facilitating market entry for institutional investors, there are also opinions that this type of derivative stimulates the volatility of the cripto market. The US Derivatives Surveillance Commission has announced that it intends to analyze the process of assessing and approving these cryptomonas-based tools after being criticized by some market players.
Whatever result will these assessments, it is clear that investors from traditional financial markets refuse to lose opportunities offered criptomonedele and are willing to tolerate their volatility they generate much higher profits than traditional financial instruments.
These guys are unbelievable. One day they say its fraud, the next day they send out their goons to protest at the Coindesk conference in NYC and while all this is going on they are buying up and trying to make $$$ from crypto!!!