Elite Investment Bank Goldman Sachs to Clear Bitcoin Futures for Clients

According to Bloomberg, Goldman Sachs will be clearing Bitcoin futures contracts for at least some clients when futures markets go live on December 10 (CBOE) and December 18 (CME). This is major news, since the soon-to-be-released futures markets are of little use without banks and brokerage firms actually using the platforms to trade.

Goldman joins brokerage firms TD Ameritrade and Ally Invest in offering clients access to the new Bitcoin futures products. Even serial-naysayer JP Morgan Chase is consideringoffering Bitcoin futures to clients.

Bloomberg cited an unnamed source “with knowledge of the firm’s plans,” saying that Goldman Sachs will be offering client trades on a case-by-case basis. Tiffany Galvin, spokeswoman for Goldman, wrote:

“Given that this is a new product, as expected we are evaluating the specifications and risk attributes for the bitcoin futures contracts as part of our standard due diligence process.”

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