Goldman Sachs To Reopen Bitcoin Trading Desk – March 2

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $49,021

Bitcoin price has continued to recover over the last 24 hours, tapping the $50,000 mark once again before retreating to $49,000.

Top-20 altcoins have also performed nicely again, as Ethereum gains 5%, XRP rises 3% and Cardano cools off with a 3% fall.

Top Stories for March 2, 2021 πŸ”₯

πŸ‘‰ Goldman Sachs To Reopen Bitcoin Trading Desk

Goldman Sachs has been reported to be re-opening its Bitcoin trading desk, which was first launched in 2018. During that time, the desk cleared futures contracts and traded non-deliverable futures.

According to a source, the Goldman Bitcoin desk is due to re-open mid-March, trading derivatives and exploring custody solutions.

πŸ‘‰ Cardano Becomes Multi-Asset Chain Following Hard-Fork

Cardano (ADA) has become a multi-asset blockchain, following its hard fork today.

The hard-fork will finally enable users to create tokens that run on the chain natively, bringing the platform one step closer to smart-contract functionality.

Cardano has recently shot up to the number-three spot in cryptocurrencies ranked by market cap.

πŸ‘‰ Coinbase Now Custodies 11% Of Total Crypto Market Cap

Coinbase Custody now looks after up to 11% of all cryptocurrency by market cap, according to data aggregator Messari.

More than 90 cryptocurrency assets are currently supported by Coinbase custody, with around half of these assets being available for trading on their exchange.

The amount of crypto stored by Coinbase soared over the last quarter of 2020, reaching about $90 billion during the term.