Goldman Sachs Customers' Demand for Bitcoin is Increasing

Goldman Sachs customers' demand for Bitcoin is increasing. John Waldron, chairman and director of operations at Goldman Sachs bank on Wednesday, said they will remain on the right side of the regulation while exploring how Goldman Sachs Group Inc. can meet the growing customer demand to invest in Bitcoin. Waldron said, "Customer demand continues to increase. We will look at what we can do, depending on the regulations. We continue to evaluate and reflect on this." The bank recently relaunched cryptocurrency trading. This month, it started trading bitcoin futures and non-delivery futures (ndf) for its clients.

Goldman is also exploring a Bitcoin exchange mutual fund.

The US Securities and Exchange Commission is exploring how to regulate brokerage firms that hold digital assets for clients and seek public comments on the issue. The epidemic has caused an explosion in online commerce as consumers have been unable to leave their homes in the past year. Waldron said, “Goldman believes this trend will continue and cause a corresponding boom in digital currency usage.” Waldron added, “The pandemic has brought a significant momentum to the digital market. We have the idea that there will be more digital commerce and more digital currency use.” Source: https://finance.yahoo.com/ You may also be interested in:

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