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Goldman plans cryptocurrency trading desk

The bank aims to get the business running by the end of June

Bloomberg 

Goldman Sachs Group is setting up a trading desk to make markets in digital currencies such as bitcoin, according to people with the knowledge of the strategy. The bank aims to get the business running by the end of June, if not earlier, two of the people said. Another said it’s still trying to work out security issues as well as how it would hold, or custody, the assets. The move positions Goldman Sachs to become the first large Wall Street firm to make markets in cryptocurrencies, whose wild price swings and surging values have captured the public’s ...

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First Published: Sat, December 23 2017. 02:34 IST
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