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Pro traders scoff at crypto, but trade it anyway: ‘The market structure is evolving’
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As crypto sheds its stigma as nothing but a handy channel for criminals and money launderers, banks have so far treaded carefully.
Goldman Sachs and JPMorgan are among big banks that have dipped their toes into trading crypto — not crypto per se, but futures contracts and other instruments — to reap the volatility and potential returns enjoyed by armchair traders and HODL fanatics during the pandemic.
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