Goldman Sachs is now pro-crypto
The main page of the website of one of the world’s largest investment banks has gone into full “crypto mode”, showing users what cryptocurrencies and digitization are all about.
Traditional banks dive into trends
Its “Digitalization” page led to the “Insights” sector of the website, where Goldman gathered many informational articles about Web 3.0 and Metaverse. In addition to informing their clients about Metaverses and everything related to them, Goldman provides a deep analysis about the digitalization of the economy with the help of Central Bank Digital Currencies.
Despite separate blocks of articles and reports on the cryptocurrency market, Goldman has recently focused primarily on Metaverse and Web 3.0 trends, as suggested by recent articles like “The Next Tech Battleground: Online Gaming & the Metaverse”.
Cryptocurrency enthusiasts on social media like Twitter already reacted positively to Goldman’s decision to push the narrative through by putting the crypto-related banner on the front page of its website.
Goldman Sachs’ path in crypto
Earlier, bank officials released a statement as the company made its first OTC cryptocurrency transaction with the help of Galaxy Digital. The company pointed out that the transaction is a huge step towards the adoption of cryptocurrencies by traditional financial institutions such as investment banks.
The bank is not a newbie to the cryptocurrency industry as it started working with crypto-related assets like exchange-based CME Group Bitcoin products a long time ago. But the OTC trade was a direct way for a bank to trade Bitcoin-related products.
But despite a deep dive into the industry, the bank still believes the first cryptocurrency is vulnerable to volatile moves caused by events such as rate hikes or global risk aversion in financial markets.
