Goldman CFO denies reports of firm ditching crypto trading desk

posted 11 months ago
Earlier this week, Business Insider reported that Goldman Sachs was nixing the creation of a Bitcoin trading desk. Reportedly due to regulatory issues as well as having higher priorities, eg. crypto custody service. However at San Francisco’s TechCrunch Disrupt Conference, Goldman Sachs’ CFO Martin Chavez asserted that reports about a rollback from a trading desk for cryptocurrencies was fake news. "I think one of the wonderful things about us is that we get written about a lot. I never thought I would hear myself use this term but I really have to describe that news as Fake news."

Chavez also remarked how the exploration of digital assets was something that “would be evolving over time.” Since May, Goldman Sachs has been clearing Bitcoin-linked futures contracts that are offered by CBOE and CME. Otherwise, the bank is still largely thinking about how to respond to client interest when it comes to virtual currencies.
Tags: bitcoin, news