Sep 06, · Goldman Sachs Chief Financial Officer Martin Chavez called a report that the bank was ditching plans to launch a cryptocurrency trading desk “fake news.” Chavez says the . Goldman Sachs has announced that it is shelving its proposed plan to open a Bitcoin trading desk due to the uncertainty of the industry’s regulatory landscape. Instead, the financial giant says it will focus its efforts towards developing robust solutions for cryptocurrency custody. Headlines about Goldman Sachs are moving the cryptocurrency market in early New York trading,with a report from Business Insider causing crypto traders to scratch their heads. Specifically, the Wall Street giant is said to be postponing its plans to establish a cryptocurrency trading desk. According to the report, the plan has been shelved.
Bitcoin drops on report goldman sachs shelves trading desk plansBitcoin Wobbles as Goldman Shelves Crypto Desk | Finance Magnates
Share Tweet Send Share. Prev Next. Tags: bitcoin , Bitcoin price decline , goldman sachs , Price deadline , wall street. For updates and exclusive offers enter your email below. Cole Petersen 30 mins ago. Tony Spilotro 3 hours ago. Yashu Gola 10 hours ago. Goldman Sachs is notably still moving forward with its crypto custody service. Related Articles. You Might Like. Ads by Cointraffic. Standing at If you are into the cryptocurrency revolution hype and see the effect of the headline on the market, what do you think?
The nightmare: Goldman Sachs is moving the market once more, just as with fiat. Stay safe and keep your positions well hedged!