Goldman plans cryptocurrency trading desk

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 imagination but given pause to established institutions. 

The bank is among a few mainstream firms clearing a new breed of bitcoin futures offered by Cboe Global Markets and CME Group Citigroup and Bank of America , for example, have been taking a wait-and-see approach.  

Already, the bank is among just a few mainstream firms clearing a new breed of bitcoin futures offered by Cboe Global Markets and CME Group  Citigroup and Bank of America , for example, have been taking a wait-and-see approach.