Goldman Sachs on the scooping up of crypto by institutions in 2023 ...Middle East

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Goldman Sachs on the scooping up of crypto by institutions in 2023
Goldman Sachs popped out a report last week in which they argued that 2023 was the year the cryptocurrency markets evolved further and were adopted by institutions:“The institutionalization of the market was most evident in the derivatives market”, with the growth of trading interest and volumes on the Chicago Mercantile Exchange (CME) “CME saw a consistent increase in bitcoin (BTC) and ether (ETH) futures and options trading, and in Q4 has become the top BTC futures exchange by open interest.”This, says GS, is a marked change from previously, when cryptocurrency markets were dominated by unregulated trading venues and retail investor activity. On price activity, GS noted a flat first nine m

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