In a move which sets the investment banking giant apart from its Wall Street Banks, GS will initially offer various contracts with Bitcoin exposure before entering the trading market.
Goldman will not initially buy and sell actual Bitcoins, the bank is looking at going in that direction if it can get regulatory approval. It also needs to figure out how to deal with the additional risks associated with holding the altcoin.
The suggestion that Goldman Sachs, the most vaunted bank on Wall Street, would even consider trading Bitcoin would have been viewed as preposterous a few years ago, they thought Bitcoin was primarily for buying drugs online. Talk about change in direction. Hold on to your hats it's about to get interesting in the Crypto World...The Money Changers are IN.
