Goldman Sachs Set to Introduce its BTC Derivative Product

For months there were reports coming in but now it seems more feasible that investment banking giant Goldman Sachs is now offering its clients to adopt its new Bitcoin (BTC) derivative product.

As per the sources the Goldman Sachs at this point involving some small number of institutional investors to its BTC non-deliverable forward contracts and is in no hurry to launch new tradable products.

“The source said customers would call senior bankers and traders for direction on where the space is going and to learn how they can break into the market,” said Frank Chaparro in the report.

Previously it was reported that Morgan Stanley is setting to offer BTC swap trading to its clients and now Goldman Sachs is also introducing its BTC derivative product.

BitGo that develops secure wallets for crypto custody, was recently being financed with $57.5 million by Goldman Sachs through Series B financing. Goldman Sachs is very actively involved in its venture investments in addition to its potential future products. Goldman Sach together with GV, Kleiner Perkins and Silicon Valley Bank, has also made investment of $25 milloin in Veem, a blockchain-powered payment service for small business.

This shows that banking and investment giants are now taking crypto market seriously which is a good sign for everyone in crypto world.

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