Stock Groups

Goldman Sachs is giving hedge fund clients crypto research from data firm The Block

[ad_1]

Rafael Henrique | SOPA Images | LightRocket | Getty Images

Goldman Sachscommenced providing research reports to institutional traders from data and crypto news firm. The Block.

The reports were delivered to hedge funds and clients on Thursday through the investment bank’s. MarqueeCNBC obtained an email confirming that digital platform is available. Goldman clients first received an overview of Decentralized Finance (DeFi) protocol on Ethereum.

The bank stated that GS Digital Assets now has exclusive access to selected reports by The Block Research in an effort to offer relevant digital assets content. These reports typically require clients to subscribe, but they can be accessed free of charge by Marquee accounts.

Goldman, the premier international investment bank in the world, has taken this step to show that there is increased interest from large investors for data and analysis on cryptocurrencies and related fields such as DeFi. Bank of AmericaAnd Morgan StanleyEach has announced a new cryptocurrency research desksGoldman refitted its business this year. digital assets divisionLast year, and started trading bitcoin-linkedIn May, instruments

Goldman spokeswoman confirmed that the email was authentic and declined further comment.

According to the investment bank, Marquee, which allows clients access data and analysis without traditional methods such as calling salespeople, boasts 50,000 monthly active users.

The rapid rise in bitcoin and other cryptocurrency has been supported by new outlets such as The Block and CoinDesk, and increased hiring at established news outlets like Bloomberg News.

Michael McCaffrey CEO of The Block stated in an email that “large financial institutions as well as technology companies have used The Block’s research and data services for a deeper understanding of the rapidly-growing market of digital assets over time”

[ad_2]