according to Reports, the first investors are able to purchase the Bitcoin Futures from Goldman Sachs. Also experiment the Bank with crypto-Custody solutions.
In may, Goldman Sachs has announced that Bitcoin Futures. Based on an anonymous source, The Block reported that the US Bank has started the futures contracts first investors. In addition, animals Goldman Sachs to experiment with crypto-Custody solutions.
Goldman Sachs is diverse and involved in crypto
Goldman Sachs has made in terms of crypto and the Blockchain is repeated. Only the other week, Abacus Journal reported that Goldman Sachs also work on futures contracts for Ether. According to the information of The Block but that would be wrong. In addition, published the Goldman-Sachs-division for private wealth management in February, an Outlook for the year to crypto-currencies and Blockchain.
While the opinion about Bitcoin was negative, there were positive words for the Blockchain. The more comprehensible the recent Investment of the Bank in Veem, a block chain is, therefore, based on an Alternative to SWIFT. Contrarily appear but then the Bitcoin Futures. But maybe not, because according to Goldman Sachs CFO Martin Chavez, whose customer Bitcoin-demand products. Similar is also the source of The Block is reported. According to these questions, the clients at Goldman Sachs matching crypto Investments. Apart from that, it was only in September that the rumors about a Bitcoin Trading Desk. However, this turned out to be a duck.
Good prospects for Futures with other crypto-currencies
However, in your crypto activities Goldman Sachs is not alone. Since the launch of the first Bitcoin Futures by CBOE in December of last year, more vendors have been added. In January, NASDAQ CEO Adena Friedman commented on their plans for Bitcoin Futures and, more recently, Bakkt with a similar announcement followed. The Other is to start according to Reports in the CBOE this year, with Ether Futures. And ErisX will even allow you Futures contract for Bitcoin, Ether, Litecoin and Bitcoin Cash.
It remains to be seen how and whether gold Mans Bitcoin Futures will affect the value of the crypto industry. However, the introduction of the Futures shows in December that Goldman’s entry could affect rates. According to a study of these for the price drop was the beginning of 2018, is partly responsible. Probably is also that the Futures Bitcoins, „the Wall Street Status“ increase. Large investment banks not only deal in annual reports with Bitcoin, but to also provide matching Investments. And from the looks of it, could soon follow currencies on the similar deals for other Crypto.