The move is expected in the coming months
The move is expected "in the coming months," according to the report, citing Goldman's director of digital assets, Mathew McDermott.As previously reported, Goldman Sachs relaunched its crypto services this year to meet increased demand from institutional investors and its own client base. Futures linked to cryptocurrencies like Bitcoin have been the focus of these deals. Now that Ethereum is also being offered to the bank's clients, it looks like the door to altcoins is opening a bit.
The Wall Street giant has increased its interest in blockchain related investments
In recent days, the Wall Street giant has upped its bets in the crypto world. It has made investments in cryptocurrency startups. The bank invested $5 million in Blockdaemon, a company that builds and hosts nodes that make up blockchain networks. It also invested $15 million in May in Coin Metrics, a cryptocurrency and blockchain data provider for institutional clients.Goldman Sachs released a report last month on cryptocurrencies as an asset class and reconsidered its position on cryptocurrencies. This was a change from its position last year, when it argued that Bitcoin is not a legitimate asset
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