Goldman Sachs will launch a platform for trade Cryptocurrencies
Goldman Sachs, one of the largest banks on Wall Street, plans to launch its own platform for trading cryptocurrencies. This became known to the agency Bloomberg from sources who are familiar with the strategic plans of the banking group. As it became known to the agency, the bank plans to launch a new business unit in July 2018, but it may happen earlier. Sources say that Goldman Sachs is currently collecting a team in New York, trying to solve security problems, and how the assets will be stored.
"Customers are interested in cryptocurrencies and we are now studying how it will be better served by them," the bank representative said.
Now, the bank is engaged in clearing the futures for Bitcoins offered by the CBOE Chicago Option Exchange and the CME Group of Chicago Mercantile Exchange. The launch of its own platform will make Goldman Sachs the first major bank from Wall Street, which entered the Bitcoin trade market.
In October, the head of Goldman Sachs, Lloyd Blankfein, said in his tweet that the company is studying how it relates to Bitcoin. Last month, in an interview with Bloomberg Television, he said that he did not see the need for Bitcoins, since the cryptocurrency is still developing and is still extremely unstable.
In addition, the bank plans to provide its customers with access to trading Bitcoin futures on US commodity exchanges.