News Goldman Sachs is flirting with bitcoin trading

Goldman Sachs is flirting with bitcoin trading

-

- Advertisment -

Goldman Sachs is flirting with bitcoin trading

Goldman Sachs is flirting with the idea of setting up a bitcoin trading shop.

The Wall Street powerhouse is in the early stages of setting up a bitcoin trading operation, according to a report by The Wall Street Journal’s Paul Vigna, Telis Demos, and Liz Hoffman.

“In response to client interest in digital currencies we are exploring how best to serve them in this space,” a Goldman spokeswoman told The Journal.

If Goldman follows through, they would be the first blue-chip financial services firm to break into the cryptocurrency market, which this year has exploded in value.

Goldman’s C-Suite has kept pretty quiet about digital coins. Meanwhile, the rest of Wall Street has mixed reviews. On one hand, JPMorgan CEO Jamie Dimon called bitcoin “a fraud” and likened it to the tulips bulbs bubble of the 1600s. On the other, James Gorman, Morgan Stanley’s chief executive officer, has taken a more moderate position on bitcoin, saying last week it is “more than a fad.”

Bitcoin, the largest cryptocurrency by market cap, is up 360% year-to-date.


Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Facebook’s Digital Wallet Name is Changing – From Calibra becomes Novi

The renaming of its digital wallet, from Calibra to Novi, was decided by Facebook, almost a year...

What is the Mysterious Pi that Doesn’t Belong to Cryptocurrencies?

Rarely do cryptocurrency websites refer to anything other than bitcoin. According to experts, the main reasons are...

To Kill A Dragon – How To Build An Honest Alternative To Sharing Economy Industry

The sharing economy is big business. Platforms like AirBnB, Uber, WeWork, Upwork, and others in the industry...

3 Beginner Friendly Ways to Make Money with Cryptocurrency 2020

In this article, we will explain how to make money with cryptocurrency in 2020. These methods are...
- Advertisement -Goldman Sachs is flirting with bitcoin trading

Blockchain, Bitcoin, and Mashed Potatoes

According to studies, over the next 5 years, many of the major supermarkets are expected to...

Different Facets of Biometric Authentication and How They Are Making A Difference in The Financial Sector

When we think of authentication in the true sense, then we find ourselves amid the different proven...

Must read

What is the Mysterious Pi that Doesn’t Belong to Cryptocurrencies?

Rarely do cryptocurrency websites refer to anything...
- Advertisement -

You might also likeRELATED
Recommended to you