RATE Group | Bitcoin pops after report Goldman Sachs will start trading products linked to crypto
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Bitcoin pops after report Goldman Sachs will start trading products linked to crypto

02 May Bitcoin pops after report Goldman Sachs will start trading products linked to crypto

Posted at 23:20h in Bitcoin News by

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lloyd blankfein goldman sachs chairman and ceo
Goldman Sachs Chairman and CEO Lloyd Blankfein speaks at the Bloomberg Global Business Forum in New York, U.S., September 20, 2017.

REUTERS/Brendan McDermid

Bitcoin enjoyed a little pop after news broke that Goldman Sachs was officially moving towards launching a bitcoin trading operation.

The Wall Street investment bank will soon start trading bitcoin futures with its own money for its clients, according to the New York Times. It will also offer so-called non-deliverable forwards, another type of derivative product which the bank will create.

Should the bank get approval from the necessary regulators, it would trade bitcoin, according to the report.

Bitcoin popped by close to $200 soon after the news broke. The coin, which is known for its wild price swings, was trading at $9,209 a coin at last check.

Bloomberg News reported in December that the bank was getting ready to launch a crypto desk by…

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