Chief Operating Officer David Solomon says the investment bank must evolve its business and adapt to the digital currency environment, and will likely have its trading desk up and running by end of this month as it moves beyond just clearing Bitcoin futures.
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Goldman Sachs is moving beyond crypto futures
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Leaders of the world’s biggest finance firms have struggled to decide whether the $284 billion market for unregulated virtual currencies such as Bitcoin is a profitable opportunity or a threat to the global financial system. Goldman Sachs is setting up a trading desk to make markets in the products and aims to have the business running by the end of this month, people with knowledge of the strategy said in December.
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