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Report: Goldman Sachs to clear bitcoin futures


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Report: Goldman Sachs to clear bitcoin futures

Goldman Sachs Group Inc. is planning to clear bitcoin futures contracts for some clients when the derivatives go live, Bloomberg News reported, citing a person familiar with the company's plans.

Client trades will be cleared on a case-by-case basis. The company will act as an agency and will not build inventory in the derivatives, the report said.

Goldman Sachs spokeswoman Tiffany Galvin said the bank is "evaluating the specifications and risk attributes for the bitcoin futures contracts as part of our standard due diligence process."

Bitcoin futures are expected to go live at Cboe Global Markets Inc. and CME Group Inc. in December.