Goldman Sachs Will Begin Trading Bitcoin Futures Within …

Goldman Sachs To Start Trading Bitcoin Futures In The Coming Weeks

Investment Bank Goldman Sachs will be use your own money to trade futures on bitcoin from faces their clients, writes The New York Times.

According to the publication, the exact start date trades not yet known, but on this already the bank’s board of directors agreed. Goldman Sachs “will create its own, more flexible version of futures, also known as a non-deliverable forward, which will be offered to its clients, ”the message NYTimes.

Goldman Sachs Will Begin Trading Bitcoin Futures Within ...

Executive Director Rana Yared stated what decision the bank accepted in response to numerous requests customers who are interested in bitcoin as an alternative asset.

“We respond when a client says,“ I want to hold bitcoin or bitcoin futures., because what i think him alternative means accumulation “, – stated it in conversation with the publication.

At the end of April it became known about opening head of markets digital assets in Goldman that will handle day-to-day operations their clients.

Goldman Sachs Will Begin Trading Bitcoin Futures Within ...

Previously CEO Lloyd Blankfein reported, that the bank clears futures on bitcoin for a certain group of their clients. According to information from NYTimes, we will talk about closer work with bitcoin only in Tom case, if this step will be approved by American regulators.

By words Yared, Goldman takes a prudent approach at working with cryptocurrencies.

“Nearly everything the persons involved came to this question with a bit of skepticism, “said it. “it not new risk, which the we do not understand. It’s just the increased risk we take should be extremely careful “.