Goldman Sachs is planning for the launching of a new cryptocurrency market on Wall Street by providing Bitcoin futures contracts, a decision that could make stronger institutional adoption of digital assets.
In a move that is likely to lend legality to virtual currencies, the bank is not far from using its own cash in trading with clients in a diversity of contracts associated to the cost of Bitcoin, The New York Times reports.
Goldman Sachs has been alleged to have been set up to have a cryptocurrency trading desk since previous December, but spokespeople and executives claimed that those statements were counterfeit. Recently, on April 23 when the bank employed cryptocurrency trader Justin Schmidt, the bank indicated that it had “not hit a conclusion on the capacity of digital asset offering.
[Video] Goldman Sachs Launching Bitcoin Futures Trading Operation Within Weeks - Bitcoin News