Bloomberg Law
March 1, 2021, 7:02 PM

Goldman Sachs Set to Jump Back Into Cryptocurrency Trading (1)

Matthew Leising
Matthew Leising
Bloomberg News

Goldman Sachs Group Inc. is restarting a trading desk for cryptocurrencies amid a surge in the value of Bitcoin, a person familiar with the effort said.

The Wall Street bank will begin offering Bitcoin futures among other products by mid-March after halting a similar effort started in 2018, according to the person, who asked to to be named because the plans haven’t been announced. A Goldman Sachs spokeswoman declined to comment.

Crypto was once shunned at elite firms like Goldman Sachs, but is now gaining credibility as other banks and financial institutions outline their efforts. BNY Mellon said in mid ...