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Goldman Sachs Expects Significant Increase in Blockchain Trading Volumes, Anticipates Approval of Bitcoin ETF

Goldman Sachs anticipates significant growth in blockchain trading volumes and approval of a Bitcoin ETF. The bank's digital assets chief sees a huge appetite for blockchain assets, including tokens representing traditional assets. Widespread implementation of blockchain technology in financial markets brings operational efficiencies, but challenges remain. McDermott expects increased on-chain trading and marketplaces but acknowledges long-term goals for replicating financial markets on blockchain. Goldman Sachs aims to capitalize on the opportunities presented by digital assets.

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