Goldman Sachs to open its own trading platform for cryptocurrencies – Source


Investment Bank Goldman Sachs is developing a platform for trading bitcoin and other cryptocurrencies. This is written by Bloomberg referring to a source familiar with the situation.

According to him, the platform is at an early stage of development, and the bank is engaged in resolving fundamental issues, for example, how to store digital assets. Goldman Sachs is going to open its new trading platform for traders by June 2018, Bloomberg reports.

“In response to the growing interest of clients to cryptocurrencies, we are studying how best to service them,” the bank said.

“This move will allow Goldman Sachs to become the first major Wall Street firm to start trading on the cryptocurrency market,” Bloomberg reports.

CEO of Goldman Sachs Lloyd Blankfein previously stated that he is wary of cryptocurrencies, but at the same time he is open to such initiatives.

“Bitcoin is not for me. Over the past 20 years, I’ve said this about many things that later proved their worth. I think this is not the case, “he said at the beginning of the month.

Later, the bank again got headlines in the news, after reported that it will clear the futures for Bitcoin. However, Goldman Sachs insists that a certain group of its customers must have enough funds in their accounts to cover the entire cost of the futures contract. In response, some customers decided to abandon the services of Goldman Sachs.

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