Financial services company Goldman Sachs has announced its intent to launch Bitcoin (available on Coinbase) futures contracts in the near future. Goldman Sachs launching Bitcoin (available on Coinbase) futures contracts is a pretty big deal for the financial world. What made the investment firm take the plunge?

New York Times reporter Nathaniel Popper wrote that Goldman Sachs plans to use its own money to trade Bitcoin (available on Coinbase) futures contracts for its clients. The investment firm will also offer its clients its very own Bitcoin (available on Coinbase) futures products.

“[Goldman Sachs] will also create its own, more flexible version of a future, known as a non-deliverable forward, which it will offer to clients,” continued Popper.

An exact date has yet to be set, but Goldman Sachs said it will likely be occurring within the next few weeks.