Share this article
Goldman Sachs Is Reportedly Weighing a Crypto Custody Service
Having launched bitcoin futures trading in May, Goldman Sachs is now pondering the launch of a cryptocurrency custody service, according to a report.
Updated Sep 13, 2021, 8:15 a.m. Published Aug 6, 2018, 4:35 p.m.
Having launched bitcoin futures trading in May, Goldman Sachs is now pondering the launch of a cryptocurrency custody service, according to Bloomberg.
In a report published Monday, the news service cites anonymous sources as saying that the investment bank is mulling the creation of a secure storage service aimed at crypto funds to help protect them against the risk of hacking.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
So far, though, it seems the possibility is still being discussed and a launch date is not certain. The banking group told Bloomberg that, while it is investigating "various digital products," it hasn't yet made a decision on any product offering.
However, the sources indicated the service could eventually help Goldman Sachs open up other crypto-focused services, such as a brokerage.
The news comes just a month after major cryptocurrency exchange Coinbase launched its own custody service, aiming to serve institutions prepared to deposit over $10 million worth of digital assets. Other startups in the crypto space also offer to keep your assets safe for a fee, including BitGo which revealed it was courting Wall Street firms in May.
While previously Goldman Sachs has been largely skeptical about cryptos, warning investors in January that they were "in a bubble," the company said in May it would start trading bitcoin futures launched by Cboe and CME late last year.
At the time it said it would use its own money to trade bitcoin futures on behalf of its clients.
Bank deposit boxes image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
DOT Sinks 2% After Breaking Key Support
The Polkadot token erased earlier gains amid elevated volume, falling from a high of $2.09 to $1.97.
What to know:
- DOT collapsed through ascending trendline support around the $2.05 level on a massive 284% volume surge.
- The token broke decisively below the support level to trade 2% lower over the last 24 hours.
Top Stories
