Goldman Sachs Set to Set Up Cryptocurrency Trading Desk

Submitted by C Costigan on

Written by :

C Costigan

Published on :

Appearing on Bloomberg just a few weeks ago, Goldman Sachs CEO Lloyd Blankfein said his firm was set to dive into the crypto-currency space.

Now comes confirmation that Goldman will be setting up a crypto-currency desk come June.

From Bloomberg News:

The move positions Goldman Sachs to become the first large Wall Street firm to make markets in cryptocurrencies, whose wild price swings and surging values have captured the public’s imagination but given pause to established institutions. Already, the bank is among just a few mainstream firms clearing a new breed of bitcoin futures offered by Cboe Global Markets Inc. and CME Group Inc. Citigroup Inc. and Bank of America Corp., for example, have been taking a wait-and-see approach. Goldman Sachs is now assembling a team in New York, one of the people said.

“In response to client interest in digital currencies, we are exploring how best to serve them,” Michael DuVally, a spokesman, said in a statement.

A decision is yet to be made where to set up the deak.

Here’s More…

- Aaron Goldstein, Gambling911.com

Related Content

As Odds de Apostas Melhoram Para o Brasil Ganhar um Time da NFL Após Declaraçõe

As Odds de Apostas Melhoram Para o Brasil Ganhar um Time da NFL Após Declarações de Goodell

O comissário da NFL, Roger Goodell, afirma que é inevitável que, no futuro, a liga tenha uma equipe sediada permanentemente fora dos Estados Unidos.
More Sweepstakes Casino Closures in August: LuckyStake and The Money Factory Shut Down

More Sweepstakes Casino Closures in August: LuckyStake and The Money Factory Shut Down

LuckyStake shut its sweepstakes casino down Aug. 14 with redemptions due by Aug. 20. The Money Factory did so two weeks prior.
Virginia Lawmakers Propose Sweepstakes Ban in 2027: Time Not on Their Side

Virginia Lawmakers Propose Sweepstakes Ban in 2027: Time Not on Their Side

Senator Bryce E. Reeves introduced a bill to ban sweepstakes casinos in the commonwealth of Virginia earlier this year. It was revealed this week that the bill would be carried into the 2027 legislative period.
The Rise of Sports Prediction Markets: From Fantasy Leagues to Real-Money Contracts

The Rise of Sports Prediction Markets: From Fantasy Leagues to Real-Money Contracts

Sports betting has evolved dramatically in the last decade, expanding from fringe betting and fantasy sports to prediction markets available in every state. The rapid changes in sports gambling laws in North America have opened the doors for new styles of betting to take hold.