Goldman Sachs Will Offer Bitcoin Trading, Eventually

Goldman Sachs Board of directors have signed off on the initiative and the vaunted institute is ready to set up shop in the Bitcoin futures market ahead of schedule.Goldman Will Trade Futures but not Bitcoin, YetThe bank intends to start this new venture small. It will use its own money to trade futures on behalf of customers with no immediate plans to become a full-fledged cryptocurrency exchange. According to a report in the New York Times Goldman will “create its own, more flexible version of a future, known as a non-deliverable forward, which it will offer to clients,”.Still, a team at the bank is reportedly looking towards the eventual trading of Bitcoin and other cryptocurrencies if it can find regulatory clarity and settle concerns over securing the assets while the bank holds them. One of Goldman’s executives involved in creating the future exchange, Rana Yared, said the bank was clear-eyed…

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