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Goldman Sachs is flirting with bitcoin trading

Goldman Sachs is flirting with the speculation of putting in place a bitcoin trading store.

The Wall Street powerhouse is within the very early levels of doubtless putting in place a bitcoin trading operation, in keeping with a record via 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 informed The Journal.

If Goldman follows via, it is going to be the primary blue-chip monetary products and services company to damage into the cryptocurrency marketplace, which this yr has exploded in worth.

Goldman’s C-Suite has stored beautiful quiet about virtual cash. The remainder of Wall Street has combined opinions. On one hand, JPMorgan CEO Jamie Dimon referred to as bitcoin “a fraud” and likened it to the tulip-bulb bubble of the 1600s. On the opposite, James Gorman, Morgan Stanley’s CEO, has taken a extra average place on bitcoin, pronouncing remaining week it was once “more than just a fad.”

Bitcoin, the most important cryptocurrency via marketplace cap, is up 360% this yr.

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