Goldman Sachs to Relaunch Trading in Bitcoin Futures

Rhian Hunt, The Motley Fool
·2-min read
Goldman Sachs to Relaunch Trading in Bitcoin Futures

Multinational investment bank Goldman Sachs (NYSE: GS) is within a week of reviving its cryptocurrency trading, Reuters reports, with the trading desk to reopen for Bitcoin (CRYPTO: BTC) futures and nondeliverable forwards (another type of future-oriented derivative) sometime in mid-March. The bank is also showing interest in the official digital currencies under consideration by several countries, along with blockchain tech in general. The move comes at a time when explosive growth in the value of Bitcoin and several other cryptocurrencies has led several big players in the financial sector to soften their previously hard-line attitude about digital currencies.