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(New York)
Despite the big losses the cryptocurrency is suffering this week, Goldman Sachs is setting up an official bitcoin trading desk, just like it has for other asset classes. The bank itself has not confirmed the reports, but those close to the situation have told the press. Goldman wants to have the desk running by the end of June, but it is working through some issues, like how to hold the assets (i.e. find a custodian). The move would make Goldman Sachs the first major Wall Street bank to start trading the currency.
FINSUM : Jamie Dimon says it is a fraud and now Goldman is going to start trading it! It seems GS believes bitcoin will become a mainstream asset class.
- Goldman Sachs
- bitcoin
- trading
- cryptocurrencies
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
