Bitcoin ends the week on a calm note

Historically, the cryptocurrency market dominant Due to unregulated trading venues and retail investor activities. Nonetheless, this year shows how much market structure and participation have evolved and become institutionalized, Goldman Sachs (GS) said in a report last week. The bank said the cryptocurrency market saw growth in regulated and centrally cleared derivatives exchanges in 2023, including Coinbase Derivatives, CBOE, Eurex, GFO-X, AsiaNext and 24 Exchange. “The institutionalization of the market was most evident in the derivatives market,” the report said, adding, “CME saw a steady increase in Bitcoin and Ethereum futures and options trading, and in the fourth quarter, it became the leading BTC futures exchange in terms of open interest.” ”