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Goldman Sachs Bringing Cryptocurrency Trading Desk
While majority of Wall Street is still on the fence, on cryptocurrency, Goldman Sachs is already working on bringing cryptocurrency trading desk on their platform.
Opposition for cryptocurrency, from stock market and centralized financial institutions, does not come as a surprise. But it is heartening to see that one of the biggest Wall Street firms is embracing the changing paradigm.
Although the story that; Goldman Sachs bringing cryptocurrency trading desk, had broken out in the past as well, but it wasn’t as concrete as it is now!
As per Bloomberg’s report, Goldman is in the process of setting up markets for cryptocurrencies such as Bitcoin. The platform is expected to be functional, by the end of June next year—if not early.
They are also putting in a lot of time and efforts, in order to establish high level of security and stability of the system. Though Goldman Sachs still hasn’t finalized on where to host the cryptocurrency trading desk.
Bitcoin Futures on Goldman Sachs
Earlier in the month, Goldman Sachs had announced that they would enable Bitcoin Futures for their clients, in upcoming weeks.
Sighting the buzz that Bitcoin and other major cryptocurrencies have created, it is only logical that someone took the first. This initiative from a household name such as “Goldman Sachs” could take cryptocurrency market to unprecedented heights.