Goldman Sachs Settles Crypto ETPs In Europe

More and more bullish news is popping up these days as an extremely optimistic sentiment takes over the crypto markets.

We just revealed that Amazon is looking for a Digital Currency and Blockchain Product Lead as the firm goes on with plans to bring its payments systems into the crypto age.

More confirmation popped up and an insider recently reported that Amazon is “definitely” looking to launch Bitcoin and crypto payments by the end of 2021.

The source said the following:

“This isn’t just going through the motions to set up cryptocurrency payment solutions at some point in the future – this is a full-on, well-discussed, integral part of the future mechanism of how Amazon will work.”

More than that, as Bitcoinist revealed, the e-commerce giant could launch its own token by 2022. Check out our previous article for the complete details about the matter.

Now, more bullish news comes in and this time it involves Goldman Sachs.

Goldman Sachs settles crypto ETPs in Europe

It’s been just revealed that Goldman Sachs’ prime brokerage unit is clearing and settling crypto exchange-traded products (ETPs) for some hedge fund clients in Europe, according to two sources with knowledge of the matter.

CoinDesk reported that the services are currently being offered to a limited number of clients, and “the bank has been reviewing the matter internally as it eyes rolling out these services to a wider number of customers,” the sources said.

It’s essential to highlight that crypto ETPs ate traded on exchange just like ETFs and they are tracking the performance of an underlying asset.

Their popularity has been growing as they are allowing clients to invest in crypto without having to also invest in the underlying asset themselves.

Stay tuned for more bullish news and makes sure to keep your eyes peeled on the market.

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I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.
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