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
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, The ultimate decision to begin trading bitcoin contracts went to the top of the company, where it was approved by the Goldman Sachs board of directors. The first hints of Goldman Sachs entering the cryptocurrency industry came two weeks ago when the company hired Justin Schmidt as their first “digital asset” trader. 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. 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 executive Rana Yared said the decision resulted from a growing number of inquiries from clients that indicated interest in holding bitcoin as an alternative asset.
The culture cultivated in the successful bank - Goldman Sachs. 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. How I Got an Internship at Goldman Sachs in London (And HOW YOU CAN as Well!) - Duration: 24:47. ... ex Goldman Sachs Trader Tells Truth about Trading - Part 1 - Duration: 12:39 ... Greg Smith, who publicly resigned in scathing op-ed, says investment bank's unethical culture threatens firm's future. Anderson Cooper reports.
![[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")
