Goldman Sachs Launching Buying And Selling Desk For Bitcoin, Report Says

Goldman Sachs is planning to get into the enterprise of buying and selling digital currencies akin to bitcoin, Bloomberg Information reported Thursday, citing sources aware of the matter.

“In response to shopper curiosity in digital currencies, we’re exploring how finest to serve them,” a Goldman spokesperson stated in an announcement to CNBC concerning the report.

The brand new buying and selling desk would “make markets” within the cryptocurrencies and is ready to stand up and operating by the top of June, if not earlier, two of the sources stated within the report.

The financial institution continues to be making an attempt to work out safety points on how it might maintain the belongings, that are notoriously unstable and vulnerable to hacks, one other supply informed Bloomberg.

In early October, information broke that Goldman Sachs was contemplating the launch of a brand new buying and selling operation for bitcoin and different digital currencies.

The funding financial institution can be one of many few main monetary establishments providing some purchasers entry to the brand new bitcoin futures that launched on the Cboe Futures Trade and the CME this month.

Learn the complete Bloomberg story right here.

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