Investment Bank Goldman Sachs Makes Decision Backing Bitcoin


Goldman Sachs is to become the first regulated financial institution to offer its clients to trade Bitcoin futures via one of its New York desks.

The company is making the foray into the crypto futures market after pressure mounted on the bank from clients singing the praises of virtual currencies.

Cryptocurrency analyst Matthew Newton said the move was not a “huge surprise” given the vast amount of attention given to virtual money in the last year and a half.

He said: “This shouldn’t come as a huge surprise to anyone who has been paying attention to cryptocurrencies over the last 18 months.

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