Goldman Sachs trading desk back to work

From this March 1st, the investment bank put into operation this tool that directly involves cryptocurrencies

One of the main investment institutions, Goldman Sachs, had its trading desk for cryptocurrencies again on March 1st.

According to a source directly related to the institution, the bank is working with bitcoin futures and non-deliverable forwards for its client catalog.

This option reopens just a month after Goldman Sachs CEO Loyd Blankfein was skeptical of bitcoin.

Bitcoin futures are contracts where the two parties agree to buy or sell bitcoins in the future at a pre-established price, while non-deliverable forwards refer to contracts for the purchase and sale of bitcoins settled in cash, where they have a expiration date and a predefined price.

In addition to the trading desk, Goldman Sachs is working on other projects related to the crypto-assets sector, which include blockchain technology and digital currencies from the American central bank.

K. Tovar

Source: Reuters

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