The world’s second-largest investment bank, Goldman Sachs, will now be exchanging bitcoin futures with their clients. Bitcoin futures will be treated on a case-by-case basis for each client. In order to maintain regulations and compliance, the bank will be assessing the stipulations and risks of bitcoin futures. The Bitcoin higher-ups are enthusiastic and open-minded with bitcoin and believe that it will be a good choice for the company. Lloyd Blankfein, CEO and chairman of Goldman Sachs, states “Bitcoin could potentially be the next gold reserve currency of the world”.
The Chicago Board Options Exchange (CBOE), will kickoff the bitcoin futures on December 10th. Investment banks such as Goldman Sachs will be investing in digital currency once CBOE and CME launch their bitcoin future exchange. This will certainly boost the value of bitcoin. Goldman Sachs will take advantage of these trading platforms by mid-December. Goldman Sachs is creating a path for many other hedge funds and investment banks to join.