US Bank announces trading in Ethereum after bitcoin, Goldman Sachs, one of the leading banks in the United States, has hinted at starting over-the-counter trading for Ethereum, the world’s second-largest cryptocurrency after the bitcoin. According to Bloomberg International, the Wall Street Journal’s investment bank announced last month that it was buying and selling bitcoins in partnership with Galaxy Digital, a non-deliverable option.
Since the announcement, Goldman Sachs has become the first bank in the United States to sell and buy Bitcoin and Ethereum, two of the world’s largest cryptocurrencies, without any hassle or difficulty.
“We’re working on adding more digital currency products for institutional investors, placing cryptocurrency assets in the fifth category,” said Andre Kazencio, the bank’s global head of crypto trading.
Goldman Sachs, a US bank founded in 1869, began trading bitcoin products with the CME Group last year. It should be noted that the role of cryptocurrencies and digital assets in the Russia-Ukraine war has further highlighted their importance around the world.