In a memo to personnel earlier this month, Goldman Sachs announced that a newly created cryptocurrency desk had successfully traded two kinds of bitcoin-linked derivatives. This according to a recent CNBC article.

The bank had reportedly been “mulling the creation of a bitcoin trading desk since at least 2017,” but the memo was the first time the bank “officially acknowledged its involvement in cryptocurrency trading,” the article said. It reports that the firm is “seeking to broaden its market presence by ‘selectively onboarding’ crypto trading institutions to expand offerings” and that it launched a new software platform to provide the latest “cryptocurrency prices and news to clients.”

The article adds that Goldman and Morgan Stanley “announced plans to offer bitcoin investments to rich clients in their wealth management divisions but have mostly stayed away from the volatile asset in their Wall Street trading operations. Traders at firms including JPMorgan Chase have been asking managers when they could begin handling bitcoin,” according to CNBC.