At least two people with knowledge of the matter said that Goldman Sachs plans to set up a trading desk for cryptocurrencies like Bitcoin by mid 2018.
The sources said that June would probably be a good estimate, if not sooner, with one of them saying that Goldman Sachs is still trying to work out the modalities such as how it would custody, or hold, the assets, as well as how it would address issues such as security.
Michael DuVally, a spokesperson, said about its clients’ interest in cryptocurrencies that the institution is “exploring how best to serve them.”
Bitcoin’s recent surges have piqued the interest of several financial institutions, and the launch of Bitcoin futures on two major exchanges this month has given a boost to that interest.
Goldman Sachs could now become the first big name in Wall Street to create cryptocurrency markets.
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