Wall Street Dreams: Goldman Sachs to Provide Bitcoin Trading Services for Crypto

[Goodcat49]

It’s now more than 12 months since rumours about how one of the giant financial institutions such as banks, and investment companies, would come out and open up a Bitcoin (BTC) business, and that expectation has thus far produced no significant results.

Give a Deaf Ear   
The current CEO of Goldman Sachs, David Solomon, confirmed in June that the financial institution has been clearing BTC futures purposely for its customers aiming at setting up a crypto trading desk in the near future.   

However, Goldman Sachs may clear BTC futures with efforts from CBOE, CME and various futures market in the U.S, but won't hold onto the cryptoassets entirely owned by its investors or even make investments in the asset class acting for its customers without getting approval to function as a caretaker.   

More Services Await   

Last month, a Goldman Sachs executive, Justin Schmidt, revealed that the financial institution wasn’t able to get approval from the responsible local financial authorities, and this being the time when the lawful definition of ‘digital assets’ is underway and imminent.   

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/goldman-sachs-to-provide-bitcoin-trading-services/