Goldman Sachs Will Soon Start Trading Cryptocurrencies

Thursday, 28 December, 2017 - 12:06

Investment banking giant Goldman Sachs will have a cryptocurrency trading desk up and running by June 2018, according to sources quoted by Bloomberg.

Goldman is currently hiring a team in New York and getting to grips with fundamental issues like how it will custody the relevant assets.

The bank confirmed that it’s exploring ways in which it can meet client demand for access to cryptocurrencies.

The bank is an early mover in the cryptocurrency space. Goldman Sachs is one of the few large banks clearing the Bitcoin futures offered by the US-based Cboe and CME exchanges.