Reuters goldman sachs group inc is setting up a trading desk to make markets in digital currencies like bitcoin bloomberg reported citing people familiar with the matter. Is setting up a trading desk to make markets in digital currencies such as bitcoin according to people with knowledge of the strategy.
The new desk will likely involve both its currency trading division and the banks strategic investment group.
Goldman sachs to set up cryptocurrency trading desk. Goldman sachs group inc. In mid december the us regulated exchanges cme and cboe started offering bitcoin futures. Cryptocurrencies such as bitcoin have received major backing from one of the worlds biggest banking giants after reports emerged that goldman sachs is planning to set up a trading desk to do.
Ap goldman sachs group inc. Goldman sachs to open cryptocurrency trading desk before june 2018. Goldman sachs has brought on a former crypto trader justin schmidt to explore creating a bitcoin trading desk.
The goldman sachs decision adds another level of legitimacy to crypto currencies as an. However goldman sachs safeguarded itself by asking some of its clients to deposit the entire value of bitcoin futures as margin money. The bank preparing to pioneer a new.
The bank aims to get the business. The wall street bank. Is setting up a trading desk to make markets in digital currencies like bitcoin bloomberg reported citing people familiar with the matter.
Dont call goldman sachss long awaited bitcoin trading business a full fledged desk and dont expect it to buy and sell bitcoins at least at first. According to fortune goldman sachs is setting up a team in new york for trading in crypto currencies although the final place for housing the trading desk is yet to be decided. Its the banks first crypto specific hire according to a person familiar with the.
The wall street bank aims to.