https://www.forbes.com/sites/andrewarnold/2018/11/09/how-institutional-investors-are-changing-the-cryptocurrency-market/#2626a7b15bfdGoldman Sachs Group has just become the first investment bank to offer a bitcoin trading product to its customers. At the beginning of November, the company started onboarding a small number of clients to test their new crypto trading desk, which allows trading bitcoin non-deliverable forward contracts.
Intercontinental Exchange (ICE), the owner New York Stock Exchange, has also scheduled a launch of their bitcoin futures product for later in December. The contracts will be backed by bitcoin reserves held in ICEs Digital Asset Warehouse, meaning that actual bitcoins will change hands once the contract expires.
Institutional investors are growing their tech muscle to accommodate more crypto-trades. Individual investors should definitely stay alert for the new products entering the market.