Goldman Sachs customers are actively interested in Bitcoin

Goldman Sachs Group Inc. is considering options to meet customer demand for investment and bitcoin ownership while meeting regulatory requirements. Writes about this Reuters with reference to the president and chief operating officer of the bank John Waldron.

 

“Demand from customers is growing,” he said. – Our capabilities are within the regulated offerings. We continue to evaluate and participate in this. ”

 

Last week it became known about the plans of Goldman Sachs to restart the service for trading cryptocurrencies using bitcoin futures and non-deliverable forwards. The bank is also exploring the prospects for a Bitcoin Exchange Traded Fund (ETF) and a digital asset storage service.

According to Waldron, Goldman Sachs expects the trend for growth in online sales to continue and predict an associated “explosion” in the use of digital currencies.

 

“The pandemic has become a significant accelerator,” he said. “Without question, we believe that digital commerce and the use of digital money will continue to grow.”

 

On Tuesday, JPMorgan revealed plans to launch an investment product based on a basket of crypto-related companies.

You may also like