Goldman Sachs Considering Bitcoin Trading Operations
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Oct. 3, 2017
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Goldman Sachs Group Inc. (NYSE: GS) is weighing a new trading operation dedicated to Bitcoin (EXANTE: Bitcoin) and other digital currencies, the first blue-chip Wall Street firm preparing to deal directly in this market, The Wall Street Journal reports.

Goldman seeks to serve a growing cadre of institutional investors wagering on Bitcoin.

Goldman’s effort involves both its currency-trading division and the bank’s strategic investment group.

That suggests the firm believes bitcoin’s future is more as a payment method rather than a store of value, like gold.

As digital coins proliferate and draw interest from professional investors, they become harder for Wall Street trading desks to ignore.

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