Goldman Sachs (GS) is team make-crypto-mainstream on Wall Street. The American bank has opened a cryptocurrency trading desk and has already successfully traded two types of bitcoin-linked (BTC) derivatives (bitcoin futures and non-deliverable forwards).

The new crypto trading team will join Goldman Sachs’ existing global currencies and emerging markets trading division. The bank had allegedly been toying with the idea of starting a bitcoin trading desk since 2017, so it's about time it made some kind of a move.

These derivatives allow investors to wager on the price of bitcoin without actually owning the asset itself. Apparently, Goldman isn’t yet able to own actual bitcoin.