Goldman Sachs launching trading desk for bitcoin, report says

Goldman Sachs can be planning to get into the business of trading digital currencies such as bitcoin, Bloomberg News reported Thursday, citing sources familiar with the matter.

“In response to client interest in digital currencies, we are exploring how best to serve them,” a Goldman spokesperson said in a statement to CNBC about the report.

The brand new trading desk might “make markets” inside the cryptocurrencies as well as can be set to get up as well as running by the end of June, if not earlier, two of the sources said inside the report.

The bank can be still trying to work out security issues on how This kind of might hold the assets, which are notoriously volatile as well as prone to hacks, another source told Bloomberg.

In early October, news broke that will Goldman Sachs was considering the launch of a brand new trading operation for bitcoin as well as various other digital currencies.

The investment bank can be also one of the few major financial institutions offering some clients access to the brand new bitcoin futures that will launched on the Cboe Futures Exchange as well as the CME This kind of month.

Read the full Bloomberg story here.

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