Analytics / Forex and Crypto News
Investment bank Goldman Sachs may launch a service for operations with cryptocurrencies.
According to Reuters, after the price of Bitcoin rose to $50000, the bank began developing a service for crypto transactions. Goldman Sachs officials haven’t commented on the news.
In 2018, Goldman Sachs introduced a platform for trading Bitcoin futures. However, then it was not envisaged to create a separate department to work with cryptocurrencies. Now the situation has changed a bit.
According to Reuters, in mid-March this year, the bank may add to its list of services an exchange-traded crypto fund ETF and non-deliverable Bitcoin forwards, as well as futures. In addition, Goldman Sachs does not exclude the launch of its own service for storing digital assets.
Reuters also reports that if the price of Bitcoin finally gains a foothold above $50000, the bank may start developing a platform for trading cryptocurrencies.
We will remind you that earlier there was news that Goldman Sachs is considering the possibility of creating its own token, backed by fiat money.