goldman sachs to open cryptocurrency trading desk

with forex card apply federal securities laws. In an interview with the, nY Times, Goldman executive Rana Yared, who will oversee the operation, admitted he wasnt completely sold on digital currencies. New York Times at the time. Please do your own due diligence before taking any action related to content within this article. Coinbase already launched its own custodial service for institutional investors, called Coinbase Custody, on July. If enacted, Goldman Sachs would become the first major investment bank to back cryptocurrency fundspotentially drawing an influx of institutional capital to the sector. In October, Goldman Chief Executive Lloyd Blankfein had tweeted, Still thinking about Bitcoin. The Wall Street giant has not given up hope of trading cryptocurrencies entirely.



goldman sachs to open cryptocurrency trading desk

Is halting its plans to open a cryptocurrency trading desk, Business Insider reports September 5, citing.
The financial services giant has not scratched its plans to open a desk for trading cryptocurrencies, contrary to a Business Insider report.
Goldman Sachs planned to open a trading desk for bitcoin and cryptocurrencies, but is backing off from those plans.

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With a custody offering still in the works, investment bank Goldman Sachs is holding off on launching a Bitcoin trading desk. Btcbtsp fell nearly 5 percent to touch five-day low at 6,985 on the Luxembourg-based Bitstamp exchange. Additionally, while many news sources (including this one) suggested that those reports seemed to have caused crypto markets to plummet, others suspect a rapid 400 collapse in bitcoins price was deliberate manipulation. This article was published by, marketWatch. The push for widespread adoption of cryptocurrencies got a boost Wednesday when US investment bank Goldman Sachs Group announced it would be opening a cryptocurrency trading desk, MarketWatch reports. The crypto trading desk was to become part of Goldmans securities division, where the Wall Street giant trades everything from stocks to bonds to currencies.