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Goldman Is Setting Up a Cryptocurrency Trading Desk

  • The business may be running by the end of June, two people say
  • CEO Blankfein has said the firm is mulling a bitcoin strategy
Bloomberg business news
Bloomberg’s Dakin Campbell discusses Goldman Sachs’ decision to proceed with a cryptocurrency trading desk. Source: Bloomberg

At least one of Wall Street’s biggest firms is growing more comfortable with cryptocurrencies.

Goldman Sachs Group Inc. is setting up a trading desk to make markets in digital currencies such as bitcoin, according to people with knowledge of the strategy. The bank aims to get the business running by the end of June, if not earlier, two of the people said. Another said it’s still trying to work out security issues as well as how it would hold, or custody, the assets.