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Goldman Sachs has partnered with Galaxy Digital and started trading bitcoin futures

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Shivangi Mujumdar Follow

CBW -External Analyst


Jun, 19 2021

Jun, 19 2021

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Galaxy Digital Holdings is a financial services and investment management reformer in the digital asset, cryptocurrency, and blockchain technology sectors and it announced that it will serve as Goldman Sachs Group Inc.'s liquidity provider for its Bitcoin futures block trades on CME Group Inc. For this reason, as the bank develops its cryptocurrency offering. 


Billionaire crypto financier Mike Novogratz’s Galaxy Digital has agreed to deliver liquidity. 

This offer is Goldman Sachs for the bank’s bitcoin (BTC, -5.42%) for futures trades. Under increasing demand from institutional clients, in March Goldman Sachs renewed its crypto trading desk after a three-year pause. 


Galaxy Digital will deliver liquidity, or act as a market maker, for block trades on CME Group. Galaxy said in an announcement on its website. The totalling of Galaxy as a liquidity supplier follows Goldman Sachs' effective execution of its first cryptocurrency trades. It officially set up its bitcoin desk last week, two months after the US bank announced that it would re-enter the cryptocurrency market. 


Galaxy Digital's trading platform is located to offer clients entrée to deep and diverse liquidity on a principal origin on a variety of OTC markets and centralized exchanges. The Company holds strong relationships with a broad variety of spot and futures exchanges, digital asset exchanges and custodians, and fiat banking partners. It enables it to move capital and assets around strongly and efficiently to provide competitively priced liquidity and accomplish cross-market opportunities. 


Galaxy Digital (TSX: GLXY) is a diversified financial service and investment management corporation in the digital asset space. It helps to grow in cryptocurrency, and blockchain technology sectors. The Company is headquartered in New York City, with offices in San Francisco, Chicago, London, Amsterdam, Hong Kong, Tokyo. 


The Goldman Sachs Group, Inc. is an important global financial institution that distributes a broad range of financial services. The services include investment banking, securities, investment management and consumer banking to a large and expanded client base. Originated in 1869, the firm is headquartered in New York and continues offices in all major financial centres around the world. 

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Shivangi Mujumdar

CBW - External Analyst


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