Welcome to our exchanges at Goldman Sachs markets update for Friday March 5th.

Each week we check into a leader across the firm to get a quick take on what they're watching in markets.

I'm Jake Stewart, Globalhead of Corporate Communications here at the firm.

And today we're going to talk about cryptocurrency trading.

And to do that, we're joined by Matt McDermott, Global Head of Digital Assets for Goldman Sachs Global Markets Division.

Matt, welcome to the program.

Thank you very much.

Nice to be here.

Well, I predict this will be an interesting session, Matt. You're sitting at the crossroads of a lot of interesting conversations

about digital assets in general, but crypto in particular.

It must be a very busy time.

What are you hearing from the range of clients that we're engaged with?

Yeah, it's certainly a busy time, that's for sure. I mean in terms of kind of

institutional demand, we have seen no signs of that abating and when we talk

about institutional demand we talk about the whole

cross section of the industry sectors. The team have fielded well over 300 conversations

and when I talk about the broad spectrum, I'm referring to hedge funds to asset managers, to macro funds, to banks, to corporate

treasurer's, insurance and pension funds. And I think it's pretty fair to say that all of that

institutional client discussion has really focused around

Bitcoin where the questions are not really what is it thankfully it's more

about how can we get exposure what are the instruments we can transact and what is

Goldman offering today.

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