Goldman Sachs, a well-known financial giant, is preparing to enter the crypto space by launching Bitcoin (BTC) futures, as reported by The New York Times.
The cryptocurrency is going to be purchased using the bank’s money, although these steps will be taken “on behalf of its clients.” Goldman’s shit in the attitude towards cryptocurrency is surprising, since the banking giant has repeatedly denounced digital crypto assets in the past.
No all community member approver of BTC futures, as they see it as an attempt to centralize they system which was supposed to be decentralized. Some experts pointed out a connection between market’s fall in January and the introduction of BTC futures in December. Other expert see the new developments in more positive light, claiming that BTC futures lend additional credibility to crypto market as a whole.
New York Times reports that the launch date of BTC futures is still unannounced, but the move is already approved by the board of directors. Goldman Sachs executive Rana Yared stated that the company responded to “a huge amount of interest from its clients”, who expressed their preference for cryptocurrency as an alternative asset of their choice.