Rumors have been circulating for some time, but according to Bloomberg, Goldman Sachs will set up a cryptocurrency trading desk close June 2018. Bloomberg quotes unnamed sources from within the company. Currently, the investment bank is trying to determine how it will maintain custody of digital assets.

According to the report:

"The movement positions Goldman Sachs to become the first conservative but open-minded

The CEO of Goldman Sachs, Lloyd Blankfein, has previously maintained a cautious but open approach to digital currencies.Buzzfein recently declared:

"[Bitcoin] is not for me. But there are many things for which there were none in the past that worked very well. If it was 20 years ahead and it worked, I could tell you why it worked. But based on everything I know, I do not guess it's going to work. "

The firm hit the headlines this month by announcing that they were going to clear Bitcoin futures for their customers – a milestone for such a conservative company. Goldman insisted that at least some of his clients were maintaining an account with enough funds to cover the total value of the Bitcoin futures that they had traded in. As a result, some clients left the company.

Goldman Sach's imprimatur

The investment bank is considered one of the most elite on Wall Street. Retirement to take strong positions in the US government.The current Treasury Secretary, Steve Mnuchin, and former Secretary Hank Paulson both held senior positions at Goldman.With the investment bank that With Bitcoin and other digital currencies, it is almost certain that other Wall Street institutions will follow suit. Just like opening futures trading on CME and CBOE, this move further legitimizes the cryptocurrency asset class.