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Goldman Sachs is reportedly creating a new cryptocurrency trading desk, according to an internal memo first cited by CNBC.
The desk has successfully traded two Bitcoin-linked derivatives, as per the cited memo, which was distributed on Thursday to the bank’s markets staff.
The idea has been considered since 2017, when Bitcoin began surging to unprecedented levels.
Last month, Reuters reported that Goldman Sachs Group has resumed the activity of its cryptocurrency trading desk as part of the Global Markets division.
The bank is reportedly exploring the potential for a bitcoin exchange traded fund (ETF).
The cryptocurrency desk was originally founded in 2018 and its return came amid increased institutional demand for digital assets.
