Goldman Sachs to Start Trading Bitcoin Futures for Clients

Goldman Sachs spokeswoman Tiffany Galvin announced last Thursday that the financial group will be clearing Bitcoin futures from some of their clients as soon as it gets listed on major exchanges in the next few days.

However, a Bloomberg source revealed that Bitcoin future trades will be evaluated on a case-to-case basis. Galvin added that they will be evaluating the specifications and risk attributes for these contracts as part of their due diligence process.

Meanwhile, CEO Lloyd Blankfein expressed his enthusiasm on cryptocurrency, saying that “if Bitcoin works, we’ll get to it”, and added that he is now open-minded about it since a lot of assets and technologies which he thought were “stupid and wrong” actually turned out well.

Source: Reuters

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