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Media: Goldman Sachs Will Resume Cryptocurrencies And Explore Bitcoin ETF Launch


Goldman Sachs, one of the largest US investment banks, will restart the work of the client operations department with cryptocurrencies. Writes about this Reuters, citing sources.

According to them, in the near future, futures and non-deliverable forwards to bitcoin. In the future, the launch of an exchange-traded investment fund (ETF) is possible.

Cryptocurrency traders will become part of the global markets division.

The initiative will complement Goldman Sachs’ fast-growing digital asset segment. It includes projects related to blockchain and national digital currencies. The investment bank is also considering the possibility of providing custody services

Earlier in Department of digital assets did not exclude issue of own stablecoin

In 2018 Goldman Sachs launched the service for trading bitcoin futures. Then the bank also said about unwillingness to create a special unit for trading cryptocurrencies.

In May 2020, Goldman Sachs analysts doubted is that bitcoin and other cryptocurrencies can be viewed as an independent asset class. This caused harsh criticism from prominent industry players.

Recall that in early February, JPMorgan Chase reported about readiness to launch bitcoin trading when there is demand from customers.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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