US banking giant Goldman Sachs is reportedly launching a Bitcoin trading desk and exploring other products in the crypto space.
An anonymous source “familiar with the matter” tells Reuters that Goldman will debut Bitcoin futures contracts later this month.
[adinserter block="1"]The multinational investment bank will operate the BTC trading desk within its Global Markets division.
Goldman is also reportedly interested in examining the potential of a BTC exchange-traded fund and digital asset custody services.
News first broke in late 2017 that Goldman was eyeing a BTC trading desk. But the project has long appeared stalled, with CoinDesk reporting that the plans were put on hold the following year due to regulatory concerns.
Goldman’s re-launch of the trading desk follows news from earlier this month that the Bank of New York Mellon Corporation is launching Digital Assets, a new enterprise unit dedicated to supporting BTC and other cryptocurrencies.
Goldman announced it was working on the prototype of a platform that will allow digital assets to move through the same network that managers use for traditional holdings like Treasury bonds and stocks.
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