Goldman Sachs to Restart Bitcoin Trading, Launch Futures This Month

Goldman Sachs is reportedly relaunching its digital asset trading desk and will start dealing bitcoin futures later this month.  The relaunch will make onramps into digital assets much easier for traditional investors who are newcomers to digital assets. The $1.1 trillion-asset […]

share

key takeaways

  • Relaunch will make onramps into digital assets easier for traditional investors and newcomers to digital assets
  • Goldman Sachs joins Fidelity, CME Group, Intercontinental Exchange in offering bitcoin futures contracts

Goldman Sachs is reportedly relaunching its digital asset trading desk and will start dealing bitcoin futures later this month. 

The relaunch will make onramps into digital assets much easier for traditional investors who are newcomers to digital assets. The $1.1 trillion-asset bank is one of the largest investment banks in the world by revenue and is a primary dealer in the US Treasury security market. 

Goldman had initially planned to launch the desk in 2018 but soon postponed the idea indefinitely amid regulatory uncertainty concerning digital assets and a big decline in the bitcoin price. 

The news comes in the middle of a bitcoin bull run largely driven by institutional investors. Though the price has been experiencing a pullback this past week after reaching an all-time high above $58,000 at the end of February, institutions have continued to give their bitcoin blessings.

Today, Citigroup issued a report saying bitcoin is at the “tipping point of its existence” and could be the preferred vehicle for international trade; and Fidelity’s director of global macro, Jurrien Timmer, said investors should consider bitcoin as part of a portfolio.

Goldman Sachs is also studying the potential to offer a bitcoin exchange traded fund as well as digital asset custody, according to Reuters, which first reported the story Monday. Bank of New York Mellon will also begin offering digital asset custody solutions this year.

The Wall Street bank will join Fidelity, CME Group, and NYSE-parent Intercontinental Exchange, all of whom also offer bitcoin futures contracts. Last month BlackRock also indicated it’s eyeing a bitcoin futures launch of its own.

Tags

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Unlocked by Template (7).png

Research

Union’s improvements upon Tendermint consensus through CometBLS, coupled with ZK proving through Galois, allow for a broadly scalable, cost efficient, and low latency IBC implementation that is feasibly scalable across every existing blockchain, virtual machine and runtime. The implementation offers modular crosschain interoperability without the need for trusted intermediaries.  

article-image

Solana leaders privately told validators to upgrade their software

article-image

As some Democratic senators oppose the latest draft of the GENIUS Act, Arizona’s governor calls bitcoin “untested”

article-image

US crypto iOS apps can link to external NFT shops

article-image

The famed billionaire investor had harsh words for Bitcoin seven years ago

article-image

Ripple is eyeing ways to boost its financial profile, on top of social usefulness

article-image

Hal Finney joined the Bitcoin network in its first seven days