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
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.
04-12 11:03 - 'Goldman Sachs says : Refutes Bank Ever Had Plans to Open Crypto Trading Desk' (twitter.com) by /u/chuanao1043 removed from /r/Bitcoin within 20-30min
After a lot of back and forth, the investment banking giant Goldman Sachs has finally made their stance on crypto clear. On Wednesday, as reported by the New York Times, officials from the company confirmed that they are planning to start a Bitcoin trading desk. Goldman Sachs has been rumoured to have started planning the potential crypto desk back in December 2017 itself, however the rumours 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. Remember when Goldman Sachs ️d bitcoin? the investment bank was so excited about this potential new asset class that it was said to be considering launching a bitcoin trading desk, If you’ve been monitoring the cryptocurrency market on a daily or weekly basis, you probably noticed that the market took a big nosedive this week. This is mostly due to the rumor going around mainstream media about Goldman Sachs (NYSE:GS) putting a stop to its Bitcoin exchange desk—a rumor that the Goldman Sachs CFO put a stop to. Yesterday, news broke that U.S.-based $90 billion multinational investment bank and financial services company powerhouse, Goldman Sachs, was ditching plans to eventually open up a Bitcoin trading desk as was initially reported. However, while speaking at the ongoing TechCrunch Disrupt 2018 conference, Goldman Sachs chief financial officer Marty Chavez called the claim “fake news”.
ex Goldman Sachs Trader Tells Truth about Trading - Part 1 - Duration: 12:39. InstituteofTrading 3,288,929 views. ... Goldman Sachs' CEO Lloyd Blankfein - Duration: 1:05:57. Greg Smith, who publicly resigned in scathing op-ed, says investment bank's unethical culture threatens firm's future. Anderson Cooper reports. Goldman Sachs Cryptocurrency Trading Desk. Goldman Sachs has made significant personnel hires to begin trading cryptocurrencies, and formulate a long-term digital asset strategy. Officially, the ... What it’s like on the fixed income trading floor - Duration: ... 3:27. ex Goldman Sachs Trader Tells Truth about Trading - Part 1 - Duration: 12:39. InstituteofTrading 3,289,418 views. 12:39. Welcome to the official Goldman Sachs Group, Inc. channel on YouTube. The Goldman Sachs Group, Inc. is a leading global investment banking, securities and in...
![[News] Goldman Sachs Starts Registering Clients For Its New Bitcoin Trading Desk](https://b.thumbs.redditmedia.com/2CLE5kuRdM7-blQBUymGajVQCwglc8H4OCouC-EUCpo.jpg "[News] Goldman Sachs Starts Registering Clients For Its New Bitcoin Trading Desk")
