In the coming weeks, leading investment bank Goldman Sachs will begin using its own capital to trade bitcoin futures on behalf of customers, the New York Times reports.
The exact date of launch of the new service is still unknown, but the board of directors of the bank has already approved the initiative. Goldman Sachs also plans to create its own flexible version of the futures, known as the" settlement forward ", which will offer customers.
According to one of the managers of Goldman Sachs, Rana Yared, the decision was made against the backdrop of a growing number of client requests and an interest in buying bitcoin as an alternative asset.
I would not describe myself as a true believer who wakes up thinking Bitcoin will take over the world. For almost every person involved, there has been personal skepticism brought to the table.
Executive, Goldman Sachs
Representatives of the bank stressed that further deepening of Goldman Sachs into the cryptocurrency sector, including operations directly with bitcoin, will be possible only after full approval by US regulators.
The first trader of digital assets, which the bank hired for a new initiative, was Justin Schmidt. Prior to that, he was engaged in trading in the hedge fund Seven Eight Capital, but last year he left the organization and began working with cryptocurrencies