Goldman Sachs and Barclays Bank Have Secret Crypto Plans

August 7, 2018


Multiple sources report that the firms are investigating cryptocurrency, but both deny any concrete plans.


Sources from investment bank Goldman Sachs have told Bloomberg that the firm is considering a custodian service for cryptocurrency investment funds. In response to request for comment, a spokesman told Bloomberg: “At this point we have not reached a conclusion on the scope of our digital asset offering.” Rana Yared, managing director of the company’s securities division, said in May that the firm was being “inundated” with requests for cryptocurrency services.That same month, the firm hired someone to the new role of ‘Head of Digital Asset Markets’ and announced that it would be trading “contracts linked to the price of Bitcoin” with its own money while seeking regulatory approval to trade Bitcoin itself.The company remains undecided, however. Speaking to Bloomberg, the spokesman made it clear that no timeline has been set for any new service.



#GoldmanSachs #BarclaysBank

Share on Facebook
Share on Twitter
Please reload

Featured Posts

#Binance Adds #BTT/PAX, BTT/TUSD and BTT/USDC Trading Pairs

February 14, 2019

Please reload

Recent Posts
Please reload

Beginner's Bitcoin Buying Guide

Learn how to buy

bitcoin with this free step by step guide for  beginners.

Click here to read

Please reload


© 2018 by  - email  us:

Terms of Use and Privacy Policy Disclaimer: Most of the articles, ratings, and reviews are posted because we are compensated in some way.

Follow Us
  • Facebook Basic Square
  • Twitter Basic Square