The bank will protect itself from the cryptocurrency’s volatility by buying and selling bitcoin futures in block trades.
Goldman's global head of digital assets is joining the company's board.
Goldman Sachs identified 19 blockchain and cryptocurrency related stocks that have outperformed the S&P 500 this year.
Mike Novogratz will remain as CEO as the firm plans for a U.S. stock offering later in the year.
Justin Schmidt has become the latest Wall Streeter to leave a traditional finance firm to join one fully on the crypto side of things.
A memo obtained by CoinDesk lays out the bank’s approach to providing clients with access to bitcoin and other digital assets.
Payout on the notes would be dependent on the performance of the ARK Innovation ETF, an actively managed fund offered by Cathie Wood's ARK Investment Management.
Ripple taps a finance and tech veteran to be managing director in Southeast Asia.
John Waldron, COO and president, said his bank is talking to regulators about digital currencies after recently relaunching its trading desk.
Bitcoin's lead over assets from stocks to bonds, oil, banks, gold and tech stocks and the euro has widened.
As institutional appetite for bitcoin grows, "incumbent banks" will look for ways to satisfy that demand, a Goldman Sachs industry lead says.
A Goldman Sachs client survey on digital assets found that 40% of clients have exposure to cryptocurrencies.
Goldman Sachs may pursue a bitcoin ETF as it deepens its push into digital assets.
The dueling commodities inhabit different ends of the investor spectrum and can coexist in a portfolio, the analysts said.
Analysts with Royal Bank of Canada and Goldman Sachs gave divergent estimates for the bitcoin-friendly payments firm.