Even Goldman Sachs, the Wall Street behemoth that trades in markets' most esoteric assets, can't find a way to trade bitcoin. The bank is ditching plans to open a desk for trading cryptocurrencies in the foreseeable future, according to people familiar with the matter, as the regulatory framework for crypto remains unclear. As part of that decision, Goldman has moved plans to open a desk for trading cryptocurrencies further down a list of priorities for how it can participate in cryptocurrency markets, the people said. It may revive these plans later, they added.
Goldman Sachs to Begin Bitcoin Futures Trading Investment banking giant Goldman Sachs will use its own money to trade bitcoin futures on behalf of its clients, according to the New York Times. The ultimate decision to begin trading bitcoin contracts went to the top of the company, where it was approved by the Goldman Sachs board of directors. The first hints of Goldman Sachs entering the cryptocurrency industry came two weeks ago when the company hired Justin Schmidt as their first “digital asset” trader. To properly evaluate the position of Goldman Sachs on Bitcoin, three factors have to be considered: its historical statements about crypto, reports on the exploration of a BTC trading desk, and After a lot of back and forth, the investment banking giant Goldman Sachs has finally made their stance on crypto clear. On Wednesday, as reported by the New York Times, officials from the company confirmed that they are planning to start a Bitcoin trading desk. Goldman Sachs has been rumoured to have started planning the potential crypto desk back in December 2017 itself, however the rumours goldman sachs bitcoin trading desk - Goldman Sachs planned to open a trading desk for bitcoin and cryptocurrencies, but is backing off from those plans. The investment bank thinks the regulatory landscape for trading bitcoin remains - The ultimate decision to begin trading bitcoin contracts went to the top of the company, where it was approved by the Goldman Sachs board of directors.
Crypto News Biticoin Setting Up For Break Out! Goldman Sachs Builds Crypto Trading Desk
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