Bitcoin is gaining further recognition. Now Goldman Sachs is preparing to offer Bitcoin futures trading according to The New York Times. Goldman Sachs is one of the most controversial financial institutions to date, they had been accused of insider trading previously, were using off shore accounts through subsidiaries and were also heavily criticizing Bitcoin previously. Lloyd Blankfein has previously stated during the end of 2017 that Bitcoin isn’t really a thing for him and that it is a vehicle to perpetrate fraud.

Seems times have changed after two major derivative offering marketplaces CBOE and CME started trading Bitcoin futures at the end of the last year and also various hedge funds started investing into Digital Assets. Since then Bitcoin has been constantly under media attention and institutional money has been flowing in faster than ever via OTC channels.

This isn’t Goldman Sachs’ first crypto related venture as they have been known to invest into Circle, which is a company that offers tools (apps, platform) for various levels of investors, from the normal consumer to the institutional investor. Circle just acquired a crypto exchange named Poloniex not too long ago, which also features Altcoins and Bitcoin for trading.

Rana Yared, one of the Goldman executives, said that Goldman had concluded that Bitcoin is not a fraud and that there is a real demand for it between the clients. “It resonates with us when a client says, ‘I want to hold Bitcoin or Bitcoin futures because I think it is an alternate store of value,’” she stated according to the original article.

There is no exact date when trading will launch, but Goldman already went forward and hired a new VP of Digital Asset Market. Justin Schmidt has been a well-known crypto trader and he will focus on helping the existing clientele to navigate on the cryptocurrency markets.