Wu Blockchain (@WuBlockchain): Goldman Sachs, the world's second-largest investment bank, has acknowledged for the first time in its 2024 annual shareholder letter the increasing si…
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Goldman Sachs, the world's second-largest investment bank, has acknowledged for the first time in its 2024 annual shareholder letter the increasing significance of cryptocurrencies within financial markets. Goldman Sachs stated that the growth of electronic trading, alongside the introduction of new products and technologies including trading and distributed ledger technology (such as cryptocurrencies), has intensified market competition. As of December 31 last year, Goldman Sachs held $1.27 billion in BlackRock's IBIT and $288 million in Fidelity's FBTC. theblock.co/post/346411/fo…