A financial conglomerate Goldman Sachs will not create a trading department specializing in cryptocurrency. This is reported by Business Insider with reference to sources familiar with the situation.
The main reason for this is regulatory uncertainty. However, according to representatives of Goldman Sachs, in time this decision can be revised.
Nevertheless, at present the bank is still considering the possibility of launching custodial services focused on large funds. The company also provides customers with the opportunity to trade bitcoin futures and CFD contracts. The latter allow the investor to bet on changing the bitcoin price without having to own the underlying asset.