Goldman Sachs just hired a crypto trader

Goldman Sachs, notoriously known for being one step ahead, has hired Justin Schmidt to the securities division as Head of Digital Asset Markets.

Trading desks at banks main purpose are to help their clients trade the instruments they want, so if the people want crypto, does this mean Goldman will opening a crypto-trading desk?

“In response to client interest in various digital products, we are exploring how best to serve them in the space,” Tiffany Galvin, a spokeswoman, said in a statement Friday. “At this point, we have not reached a conclusion on the scope of our digital asset offering.”

Currently, GS offers clients exposure to bitcoin through the bitcoin futures contracts offered on the Cboe Global Markets and CME Group exchanges.