Goldman Sachs makes first hire in cryptocurrency markets unit

Goldman Sachs is getting more serious about finding ways for its clients to invest in cryptocurrencies.

Tearsheet, a finance industry news site, first reported the news earlier Monday.

Goldman was one of a few major financial institutions to begin clearing CME and Cboe bitcoin futures for clients when the derivatives products launched in December.

Schmidt was previously senior vice president at quantitative trading firm Seven Eight Capital, and a quant trader at a proprietary firm, among other roles, according to his LinkedIn profile. His profile page lists “Crypto” as his current role.