Investment bank Goldman Sachs will use its own money to trade bitcoin futures on behalf of its customers, writes The New York Times.
As the newspaper reports, the exact date of the beginning of the auction is still unknown, but the board of directors of the bank has already agreed to this. Goldman Sachs "will create its own, more flexible version of the futures," the NYTimes report said.
Executive Director Rana Yared said that the decision was made by the bank in response to numerous inquiries from customers who show interest in bitcoin as an alternative asset.
"We respond when the client says.I want to keep bitcoin or bitcoin futures, because I consider it an alternative means of accumulation, "she said in a conversation with the publication.
At the end of April it became known about the opening of the head office in the markets digital assets in Goldman, which will work to the daily operations of their clients.
Previously CEO Lloyd Blankfein said the bank is engaged in clearing on Bitcoin futures for a particular group of its customers. According to the NYTimes, to work more closely with Bitcoins we will focus only if the move is approved by US regulators.
According to Yared, Goldman representatives adhere to the precautionary approach when working with crypto-currencies.
"Almost all the involved persons approached this question with a grain of skepticism," she said."This is not a new risk that we do not understand. This is simply an increased risk, with which we must be extremely cautious. "
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