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Goldman Sachs eschews bitcoin but wants to help clients crypto-trade: CEO

The bank will trade in bitcoin if it becomes more established, he added

Reuters  |  New York 

Goldman Sachs Group Inc is trying to figure out how to cater to investors who want to trade bitcoin even though the digital currency remains too volatile for the Wall Street bank to trade itself, according to comments by a representative and its chief executive officer on Thursday. At an event, CEO Lloyd Blankfein said there was no imminent need for Goldman Sachs to develop a strategy around bitcoin, which rose to an all-time high of $11,395 on Wednesday only to lose one-fifth of its value on Thursday. "Something that moves up and down 20 per cent in a day doesn't feel ...

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First Published: Fri, December 01 2017. 00:20 IST