Bank Goldman Sachs for the first time issued a loan secured by bitcoins

One of the leading investment banks of Goldman Sachs, which has taken advantage of its large history, has awarded a kreditIn the fiat value of the goldbitcoins.

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“We recently expanded our credit line and issueda loan secured by bitcoins owned by the borrower. The deal was unusual in its structure and the use of a 24/7 risk management system,” Goldman Sachs said in a statement.

The bitcoin rate fluctuates in a fairly widerange, so the issuance of loans secured by cryptocurrencies carries an increased risk. In this regard, the bank decided to monitor risks around the clock in order to reduce the likelihood of financial losses. Apparently, the loan was approved by the staff of the department of digital assets, which is headed by Matthew McDermott.

This year, Goldman Sachs is not the first time launchesa new service related to virtual currencies. In March, the company completed its first OTC transaction for the sale of a non-deliverable bitcoin option. The bank processed the transaction jointly with the Galaxu Digital crypto firm, which invests in bitcoin and Ethereum (ETH).

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