Goldman Sachs is an American multinational investment bank and financial services company headquartered in New York City. Founded in 1869, it is one of the largest investment banks in the world and a leading global advisor for corporations, governments, and individuals.
The firm offers a wide range of services including underwriting corporate equity and debt offerings; mergers and acquisitions advice; sales & trading across all asset classes (including equities, fixed income products, commodities, currencies); prime brokerage; research; securities lending; private wealth management services to high-net-worth clients; asset management services for institutional investors worldwide.
In recent years Goldman Sachs has also become involved in cryptocurrency markets. In 2015 they began offering their clients access to bitcoin futures contracts traded on the Chicago Mercantile Exchange (CME). In 2018 they announced plans to launch a bitcoin trading desk that would allow customers to buy/sell digital currency directly from them. Additionally they have invested heavily into blockchain technology startups such as Circle Internet Financial which provides consumer payments using blockchain technology.
It’s clear that Goldman Sachs sees potential value in cryptocurrencies despite some initial skepticism from upper level executives like CEO Lloyd Blankfein who said “Maybe I should be taking [bitcoin] more seriously.” With increasing demand from their clients combined with innovative new technologies being developed by companies backed by Goldman Sachs there’s no doubt that this giant of Wall Street will continue to be involved cryptocurrency markets going forward.
