Goldman Sachs is set to be the first major Wall Street bank to open a bitcoin trading desk as the company decided to take its turn at cryptocurrency. The banking giant will only offer a limited amount of derivatives to start. Rumor has it that this has been a long time coming for Goldman Sachs, as clients who are rather excited about crypto have been pressuring the company to dive in. Some execs at the company made sure to look heavily into cryptocurrency before deciding to invest, concluding it wasn’t a fraud or a fly-by-night fad. Although the start date is not yet concrete, Goldman Sachs will use its own funds to trade bitcoin futures on behalf of clients.
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