Goldman Sachs May Soon Trade Cryptocurrencies

U.S. leading investment banking giant Goldman Sachs is getting more optimistic about launching a full-scale cryptocurrency trading operation beyond futures. Speaking with Bloomberg Wednesday, Goldman Sachs COO David Solomon said that the firm is holding internal discussions about offering more cryptocurrency trading services in response to client demand.

“We are clearing some futures around Bitcoin, talking about doing some other activities there, but it’s going very cautiously,” Solomon said during an interview in China. “We’re listening to our clients and trying to help our clients as they’re exploring those things too.”

The firm had been hesitant to dip more than just its toe into the ecosystem. Yet, that appears to be changing, even though the cryptocurrency market has been on a bearish trend. Solomon’s said the firm must “evolve its business and adapt to the environment,” which may involve offering more digital currency products.