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.
Goldman Sachs has restarted its cryptocurrency trading desk and will begin dealing #Bitcoin futures and non-deliverable forwards for clients from next week, a person familiar with the matter said. 📈📉🏦
Story link soon 👇
– Anna Irrera (@annairrera) March 1, 2021
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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