After the crypto market rises again and the bear seems to have been defeated, Goldman Sachs also responds and significantly raises the minimum deposit threshold of its off-exchange trading venue.
The crypto market has been rising for a few weeks now and prices of Bitcoin and other cryptocurrencies are developing well, with investor hunger for Bitcoin rising.
As a result, Goldman Sachs has decided to raise the minimum deposit threshold from the current $ 250,000 to $ 500,000. Circle CEO Jeremy Allaire told Business Insider in an interview that the heated crypto market is a logical consequence of this move. He sees the market as “robust” and stable.
Although the minimum amount has doubled, the average value traded is still twice as high:
The minimum ticket size has moved up to $500,000 with an average of $1 million.
The sum of one million dollars compared to other trades of the company to be regarded as small, where quickly $ 100 million or more change hands. Allaire expects traded volumes to continue rising and is confident for the cryptocurrency market.
image by shutterstock
TheBitcoinNews.com – Bitcoin News source since June 2011 –
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.
Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.
Advertise with us : Advertise
Our Social Networks: Facebook Instagram Pinterest Reddit Telegram Twitter Youtube
