Goldman Sachs is ditching near-term plans to open a bitcoin trading desk, instead focusing on a key business for driving Wall Street investment in crypto

Business Insider is reporting that “Goldman Sachs is putting on hold plans to open a desk to trade cryptocurrencies, including bitcoin, according to people familiar with the matter.”

Article URL: https://www.businessinsider.com/goldman-sachs-retreats-from-launching-crypto-trading-desk-2018-9

Archived: https://web.archive.org/web/20180905133450/https://www.businessinsider.com/goldman-sachs-retreats-from-launching-crypto-trading-desk-2018-9?international=true&r=US&IR=T

From the article:

> Even Goldman Sachs, the Wall Street behemoth that trades in markets’ most esoteric assets, can’t find a way to trade bitcoin.
>
> The bank is ditching plans to open a desk for trading cryptocurrencies in the foreseeable future, according to people familiar with the matter, as the regulatory framework for crypto remains unclear.
>
> As part of that decision, Goldman has moved plans to open a desk for trading cryptocurrencies further down a list of priorities for how it can participate in cryptocurrency markets, the people said. It may revive these plans later, they added.



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2 Comments

  1. darkstarman
    September 5, 2018
  2. siem
    September 5, 2018

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