GOLDMAN IS SAID TO PUT CRYPTO DESK PLAN ON HOLD

According to the periodical, Business Insider, Goldman may be reconsidering its crypto strategy. The article suggests that Goldman is putting on hold earlier plans to open a desk to trade physical Cryptocurrencies.

THE CROWD’S LINE TRADING DESK VIEW:  While this headline may catch the market by surprise, market observers should understand that building the infrastructure to clear and safe-keep institutional orders seemed to be Goldman’s priority – not a physical trading desk.  Considering that Goldman typically caters to institutional clients rather than retail traders, clearing related activities should be its priority ahead of crypto trading.

To us, this is a logical step in the progression of traditional brokerage institutions, such as Goldman Sachs, in an attempt to establish alternative asset trading desks – for Cryptocurrencies or anything else.