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Goldman Sachs puts focus on crypto, reveals client note

Goldman Sachs is increasing its focus on cryptocurrencies following the surge in prices in November. The investment bank is offering crypto services for professional investors in approved countries including the US, UK, Switzerland, Australia, and several EU nations. It has a crypto trading desk with offerings such as BTC and ETH futures clearing, OTC non-deliverable forwards, and options. Goldman Sachs also offers Bitcoin and Ether exchange-traded products (ETPs) including the Grayscale Bitcoin Trust and Bitwise Bitcoin ETF. The move comes as Donald Trump announced crypto advocate Paul Atkins as the head of the SEC, signaling bullish sentiments for the market.

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