Trading

Goldman Sachs to launch cryptocurrency trading desk

US investment bank will use its own capital to trade futures and offer a non-deliverable forward to clients wishing to trade bitcoin

Sunday 29 April 2018 at 10:52

Goldman Sachs to launch cryptocurrency trading desk

The push for widespread adoption of cryptocurrencies got a boost Wednesday when US investment bank Goldman Sachs Group announced it would be opening a cryptocurrency trading desk, MarketWatch reports.

In an interview with the NY Times, Goldman executive Rana Yared, who will oversee the operation, admitted he wasn’t completely sold on digital currencies. “I would not describe myself as a true believer who wakes up thinking bitcoin will take over the world,” Yaren told the newspaper.