According to an anonymous source Bloomberg, Goldman Sachs will be engaged in the clearing of futures contracts on the bitcoin to their customers when the futures market will be launched on 10 December on the CBOE and on the 18 Dec CME. This is an important step for the cryptocurrency industry, as the futures markets will provide access to the cryptocurrency customers of major banks and brokerage firms. If this information is confirmed, then the pessimistic attitude of the players of traditional markets to cryptocurrency derivatives will begin to change and their support will become a competitive advantage.
In addition to Goldman Sachs futures on bitcoin will also work for brokerage firm TD Ameritrade, Ally Invest, and even the eternal enemy of bitcoin JP Morgan Chase, which is considering providing futures for bitcoin customers.
The anonymous source also reported that «knows the plans» and said that Goldman Sachs will offer customers deals on an individual basis. Press Secretary Goldman Tiffany Galvin (Galvin Tiffany) wrote:
«Since this is a new product, we estimate specifications and risks of futures contracts on bitcoin».
Unlike his colleagues such as Jamie Dimon (Jamie Dimon), CEO of Goldman, Lloyd Blankfein (Lloyd Blankfein) cautious, but open to the idea of bitcoin:
«Once the coin in which was gold at $5, cost $5. Now we have paper, which is simply backed by the Fiat… Maybe in the new world something that will be supported by consensus», — said Blankfein.
Goldman Sachs is one of the most exclusive investment banks in the world, where some of the best financial experts work with very wealthy clients. However, there is very heavy traffic staff — members of the leadership of Goldman often go into public service, then return to the Bank. This process is so ingrained that the Bank is sometimes called «Government Sachs».
A number of leaders, government officials included the Secretary of the Treasury Steve Mnuchin (Steve Mnuchin) and Deputy Minister of Finance James Donovan (James Donovan). President George Bush appointed the former CEO of Goldman Hank Paulson (Hank Paulson) as its Finance Minister. The presence of representatives of Goldman in the government gives the bankers a big impact.