Goldman Sachs is about to begin dealing bitcoin futures and other businesses
Goldman Sachs, a well-known American financial group, had previously launched a cryptocurrency-related business, but in the end, the business was choked off by Goldman Sachs and no longer provided services to investors.
However, Bitcoin, which has gone through a bear market, is now ushering in a bull market again. After all, institutional investors such as Tesla and Grayscale are running into the market and attract countless retail investors.
At present, the price of Bitcoin has risen from USD 4,000 in March 2020 to USD 50,000. At this time, elite investment companies such as Goldman Sachs seem to be changing their eyes.
CNBC reported that after discussions within the Goldman Sachs Group, it has decided to restart bitcoin futures trading, which was ordered to be killed by the Goldman Sachs Group two years ago.
However, the current Bitcoin situation was completely different from the situation two years ago, and even the entire cryptocurrency market has undergone huge changes from the past, which makes Goldman Sachs the envy.
In particular, other institutional investors have entered the market to invest in Bitcoin, and it is completely unbearable for elite investment companies such as Goldman Sachs to miss the feast of cryptocurrency.
Therefore, Goldman Sachs Group plans to restart the previously killed bitcoin futures trading in the middle of this month to provide investors with bitcoin futures contracts and delivery futures contracts.
Specifically, Goldman Sachs mainly provides bitcoin futures contracts, and there is also a non-deliverable forward futures contract for investors to choose from.