The Crypto Times
Image default
Bitcoin News

Goldman Sachs to Offer Bitcoin Investments to Clients

Many institutional investors are intrigued by the blockchain space after witnessing the recent boom of Bitcoin. Yet there exist various barriers to entry, as most traditional investing platforms do not include them as an option. Furthermore, almost all Wall Street firms have chosen to stay out of cryptos and even trash them publicly due to their highly speculative nature.

Enter Goldman Sachs

Unlike many of its financial counterparts, Goldman Sachs (GS) has chosen to listen to its clients’ desires to enter the crypto space. Goldman Sachs officially announced that a new trading operation is in the works to bring access to cryptocurrencies such as Bitcoin to the hands if its clients:

“In response to client interest in digital currencies we are exploring how best to serve them in this space.”

Future of Blockchain and Wall Street

This move by Goldman Sachs will pave the way for other large traditional institutions to include blockchain investments on their platforms. Investors that do not have the desire to make their own Coinbase or Bittrex accounts may soon be able to purchase crypto currencies on a platform with which they are familiar. This will welcome many new crypto investors to the game.

Related posts

European Central Bank Officer Say Libra Won’t be Released until Regulators Satisfied It’s Safe

Viena Abdon

LVMH CEO Dismisses Reports of Involvement in Cryptocurrency Trading Firm Set Up

Viena Abdon

Collectible VR Car for Blockchain Game Sold for Record-Breaking $110,000

Viena Abdon

Litecoin Foundation and Glory Kickboxing League Partner for Venture

Viena Abdon

Mark Zuckerberg Says Company Will Do What It Takes to Get Regulators Onboard With Libra

Viena Abdon

Winklevoss Twin Renews Stand that Bitcoin is Better than Gold

Viena Abdon

Leave a Comment