Goldman Sachs offers first Bitcoin-backed loan as Wall Street embraces crypto By Cointelegraph
[ad_1]
Goldman Sachs offers first Bitcoin-backed loan as Wall Street embraces cryptoGoldman Sachs (NYSE:) has offered its first Bitcoin-backed loan, in a major step forward for institutional cryptocurrency adoption on Wall St.
A spokeswoman from Goldman told Bloomberg that the multinational investment bank had lent cash collateralized by (BTC) owned by the borrower for the first time in Goldman Sachs’ history. She added that the deal was particularly interesting because of its structure and 24-hour risk management.
Continue Reading on Coin Telegraph
[ad_2]
Source link
Goldman Sachs offers first Bitcoin-backed loan as Wall Street embraces cryptoGoldman Sachs (NYSE:) has offered its first Bitcoin-backed loan, in a major step forward for institutional cryptocurrency adoption on Wall St.
A spokeswoman from Goldman told Bloomberg that the multinational investment bank had lent cash collateralized by (BTC) owned by the borrower for the first time in Goldman Sachs’ history. She added that the deal was particularly interesting because of its structure and 24-hour risk management.
Continue Reading on Coin Telegraph
About The Author
