Goldman Sachs will reportedly clear bitcoin futures for some of its clients

REUTERS/Jason Reed

Goldman Sachs will clear bitcoin futures trading for some of its clients, Bloomberg's David Campbell and Laura Keller reported on Thursday.

The derivatives, which allow traders to bet on the cryptocurrency's price without buying the underlying asset, will be offered by the Cboe Futures Exchange and the Chicago Mercantile Exchange.

According to Bloomberg, Goldman will not act as a market-maker for bitcoin and will decide who gets to trade the derivatives on a case-by-case basis.

Goldman CEO Lloyd Blankfein said last week that it was too early for the firm to have a bitcoin strategy. "Something that moves up and down 20 percent in a day doesn't feel like a currency, doesn't feel like a store of value," Blankfein told Bloomberg TV.

The Wall Street Journal reported Goldman's decision earlier on Thursday, adding that Bank of America Merrill Lynch, Citigroup, and the Royal Bank of Canada are telling customers that they won't have access when futures trading goes live.

Bitcoin has had a wild year, culminating in its biggest thousand-dollar moves ever this week, going by round numbers. It gained over $4,000 over the past two days, and rose above $16,000 per dollar on Thursday.

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