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According to a source familiar with the matter, the NY-based investment bank Goldman Sachs “has been onboarding a small number of clients to actively trade” its Bitcoin derivative product.

The source states:

“Goldman Sachs has been onboarding a small number of clients to actively trade the product, according to the source. It is also exploring ways to custody cryptocurrency for customers.”

Although the bank is may develop such a product, there’s still some uncertainty, due to the fact that even futures for Ethereum (ETH) don’t trade on a regulated U.S. exchange. It's also stated that the bank has onboarded just a "small number of clients" to trade the derivative.

Earlier in October, the large investment bank and Galaxy Digital Ventures, billionaire Mike Novogratz’ company, invested approximately $15 million in BitGo Holdings, which develops solutions for safe storage of crypto assets.

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