Goldman Sachs denied the news about the delay in launching the crypto-exchange site

goldman sachs

The news of Goldman Sachs’ refusal in the near future to create a subdivision for the trade in cryptocurrencies turned out to be fake.

Martin Chavez, financial director of Goldman Sachs commented that the company did not make such statements, and the company’s plans in recent years have not changed.

Against the background of this fake news, there was a rapid drop in the cryptocurrency market. So, on the night of 5th to 6th September, bitcoin fell by more than 12%, dropping in price to below $6,500.

Chavez also added that at the moment, at the request of customers, Goldman Sachs is developing a platform for trading OTC bitcoin-derivatives.

Currently, the company provides customers with the opportunity to trade in CFC futures and CFDs. The latter allows the investor to bet on changing the bitcoin price without having to own the underlying asset.

Martin Chavez noted that while Goldman Sachs does not have a custodian solution of the institutional level for storing bitcoin. However, the bank is still considering the possibility of launching custodial services focused on large funds.