A source revealed that Goldman Sachs will offer crypto currency trading again after it ended during the sharp collapse of Bitcoin (BTC) prices in 2018.
The effort is expected to begin next week with bitcoin futures for clients followed by non-deliverable forwards (NFD) trading - which allows investors to speculate on asset futures prices.
Not only that, the leading bank is also considering establishing a Bitcoin Exchange-Traded Fund (ETF) once the initial operations have been fully implemented.
Previously, Goldman created a crypto currency counter at the beginning of the Bitcoin price and lasted for almost two years.
However, in 2018 when the asset price fell 70%, the firm was seen to start dissolving the plan before the end of the same year.
In fact, the announcement by Goldman Sachs is quite shocking given the recent statement from them describing cryptocurrencies including Bitcoin not categorized as asset class.
At the time of writing, the crypto market is moving positively with most recording steady price increases. Bitcoin posted a price of $ 49,304, up 5.9% in 24 hours.
