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Goldman plans cryptocurrency trading desk

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

Goldman Sachs
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A view of the Goldman Sachs stall on the floor of the New York Stock Exchange in New York (Photo: Reuters)

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 imagination but given pause to

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