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.
Goldman Sachs CEO Denies Company Ever Had Crypto Trading Desk Plans
Goldman Sachs CEO Denies Company Ever Had Crypto Trading Desk Plans The CEO of Goldman Sachs, David Solomon, has recently told a U.S. House of Representatives panel that the financial giant never had plans to launch a cryptocurrency trading desk, claiming reports suggesting so weren’t correct. Speaking during a hearing on ‘holding megabanks accountable’ in which the average citizens’ lack of trust in the financial system a decade after the crisis was discussed, Solomon claimed a story Bloomberg broke on Goldman Sachs’ plans to launch the trading desk weren’t correct. https://preview.redd.it/f599buo35wr21.jpg?width=1000&format=pjpg&auto=webp&s=56cfc5a66263eb5bc1d9dea7593f043ea956f8c2
Goldman Sachs Drops Plans to Open Crypto Trading Desk
Heard on cointelegraph that Goldman Sachs aims to become "the first large Wall Street firm to make markets in cryptocurrencies." Now, Business Insider reports that the bank has lowered the priority of this project, as the regulatory environment in the crypto industry remains unclear. However, the bank is not going to fully reject crypto trading. Goldman Sachs' CEO Lloyd Blankfein once said Bitcoin trading was not for him, but clarified that it he’s open to considering it, if the cryptocurrency becomes “more established". Could that mean that GS is afraid to commit to cryptocoins?
Goldman Sachs Group Inc is setting up a trading desk to make markets in electronic currencies such as bitcoin, according to people with knowledge of this strategy.The bank aims to find the company running from the end of June, if not earlier, two of the people said. Goldman Sachs Group Inc is setting up a trading desk to make markets in digital currencies like bitcoin, Bloomberg reported, citing people familiar with the matter. Goldman Sachs’s Other Ventures. Goldman Sachs has led other blockchain efforts in the past. The firm has been considering its own trading desk and custody service since 2018, though it denies that those concepts were ever strict plans. Goldman Sachs is “watching … the cryptocurrency market as it develops,” CEO David Solomon clarified ... Goldman Sachs Group Inc. is setting up a trading desk to make markets in digital currencies such as bitcoin, according to people with knowledge of the strategy. The bank aims to get the business ... Goldman Sachs is reportedly putting plans to open a trading desk for cryptocurrencies on hold, according to Business Insider. The desk was slated to trade in digital tokens including bitcoin, but ...
Cryptocurrency Trading Desk For Goldman Sachs - Bitcoin Dip
Our Premium Daily Newsletter is now OPEN! View our portfolio and get insider knowledge delivered daily! Visit our website to get started!: https://readysetcr... WELCOME TO TECH TEACHER CHANNEL Goldman Sachs will set up a cryptocurrency trading desk as digital currencies boom Goldman Sachs Group Inc. is creating a trading desk for cryptocurrencies and ... Goldman Sachs Builds Crypto Trading Desk Bull & Bear Cryptocurrency Analysis, News & Education. ... Cryptocurrency Trading Series: When To Buy & Sell, Protecting Your Bitcoin ... Goldman Sachs news breaking about a cryptocurrency trading desk to include Bitcoin. Goldman Sachs CEO Lloyd Blankfein says no Bitcoin trading desk is in works, as previously reported originally by Wallstreet Journal in 2017. Coinbase is reported to be turning down venture capital ...