Galaxy Digital becomes liquidity provider for Goldman Sachs’ Bitcoin futures block trading

By Pavithra R

Galaxy Digital, a diversified merchant bank dedicated to the digital assets and blockchain technology industry has announced that the company has been the liquidity provider of Goldman Sachs will act on its Bitcoin futures block trades on CME Group as the bank expands its cryptocurrency offering.

The addition of Galaxy as a liquidity provider follows Goldman Sachs’ successful execution of its first cryptocurrency deals and formalized the establishment of its Bitcoin desk.

“Goldman’s confidence in us confirms our institutional expertise and the strength of what we are building here at Galaxy. We are proud to be a strategic partner of Goldman and look forward to working with Max and his team to meet growing institutional demand and pave the way for wider adoption of cryptocurrencies as an asset class,” said Damien Vanderwilt, Co-President and Head of Global Markets, Galaxy Digital.

Galaxy Digital’s trading platform is positioned to provide clients with access to deep and diverse liquidity on a variety of centralized exchanges and OTC markets. The company has strong relationships with a wide range of spot and futures exchanges, digital asset exchanges and custodians, and fiat banking partners, enabling it to move capital and assets safely and efficiently to provide liquidity at competitive prices and across markets Seize opportunities.

“Our goal is to provide our customers with best execution pricing and secure access to the assets they want to trade. This will now include cryptocurrencies in 2021, and we are delighted to have found a partner with a wide range of liquidity spaces and differentiated derivatives capabilities that cover the cryptocurrency ecosystem to achieve this goal,” said Max Minton, Head of Digital Assets at Goldman Sachs’ Asia-Pacific Division.

Founded in 2018, Galaxy Digital is a diversified financial services and investment management company active in digital assets, cryptocurrencies and blockchain technology. Galaxy Digital Trading trades over 90 digital assets, consistently focusing on the growing needs of its counterparties in the digital asset space.