Galaxy Digital is now serving as Goldman Sachs' liquidity provider for bitcoin futures trades

Galaxy Digital is now serving as a liquidity provider for Goldman Sachs' bitcoin futures block trades, a move that comes as the Wall Street investment giant ramps up its crypto-related services.

The crypto company said in a statement Friday those trades are tied to CME's bitcoin futures offering. CNBC first reported the news.

"We are proud to be a strategic partner of Goldman and look forward to working with Max and his team to meet the increasing demand from institutions and pave the way to broader adoption of cryptocurrencies as an asset class," Damien Vanderwilt, Galaxy's Co-President and Head of Global Markets, said in a statement.

As previously reported, Goldman Sachs has been ramping up its cryptocurrency services in recent months. Goldman's crypto offering dates back to 2018, but it has gained steam since the start of the year on the back of institutional interest in the market.

Bloomberg reported earlier this week that Goldman intends to offer ether futures to its clients.