Goldman Sachs
Compare Goldman Sachs…Global investment bank. Crypto markets desk: BTC and ETH futures, structured products, and prime services for institutional crypto allocators.
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Goldman SachsGlobal investment bank. Crypto markets desk: BTC and ETH futures, structured products, and prime services for institutional crypto allocators.
| Year | Product | Asset Class | Client Type | Status | |
|---|---|---|---|---|---|
| 2021 | CME-listed BTC futures trading | BTC | Institutional | Launched March 2021 | |
| 2021 H2 | CME-listed ETH futures trading | ETH | Institutional | Launched August 2021 | |
| 2022 | BTC-linked structured notes | BTC | HNW + Institutional | Launched; modest scale through 2022 bear | |
| 2022 | Bilateral BTC options trading | BTC | Institutional | Bilateral OTC structures | |
| 2023 | Bilateral ETH options trading | ETH | Institutional | Extended product set post-Merge | |
| 2024 | Spot BTC ETF prime brokerage + trading support | BTC ETF (IBIT + FBTC + others) | Institutional + HNW | Post-launch institutional desk support | |
| 2024 | Tokenized US Treasury bilateral trading + repo (limited) | Tokenized RWA | Institutional | Selective tokenized-Treasury bilateral support | |
| 2025 | Spot ETH ETF prime brokerage | ETH ETF | Institutional | Extended ETF support set | |
| 2025 H2 | Goldman Digital Assets institutional-platform expansion | Multi-asset crypto | Institutional | Internal platform expansion (not yet customer-facing) | |
| Pending: institutional custody product | TBD (rumored but not launched) | BTC + ETH custody | Institutional | Possible 2026-2027 launch as Goldman explores SAB-122-enabled custody business | |
| Editorial. Why this matters | Strategic context | Goldman's crypto strategy is institutional-derivatives + structured-products-led, structurally different from JPM (tokenization + Kinexys) + BK (custody bank). Marquee question: does Goldman extend into custody + tokenization platforms post-SAB-122 + post-MiCA institutional product market expansion, or does the firm remain primarily a derivatives + structured-products player? |
2021-Q1-2025-Q4
2021-Q1-2025-Q4
2021-2025
$GS
Crypto markets desk: BTC and ETH futures, structured products, and prime services for institutional crypto allocators.