Is Goldman Sachs finally ready to launch into cryptocurrency exchanges? This is what emerges from the statements of its CEO, David Solomon. The latter has in fact clarified its positioning with regard to Bitcoin (BTC) and Ether (ETH).
Goldman Sachs plans to enter Bitcoin and Ether trading
Could this be a message sent to the future Trump administration? Goldman Sachs CEO David Solomon Showed Signs of Openness Regarding Cryptocurrencies. He believes that his financial institution could launch into trading services based on Bitcoin and Ether, if regulatory conditions evolve. He notes in fact a renewed interest in these assets:
“[Ces technologies] are attracting attention at the moment because it appears that the regulatory framework will evolve differently than during the previous administration. »
💡 Guide to buying cryptocurrencies in a few steps
In other words, the arrival of Donald Trump in power would herald changes for the cryptocurrency ecosystem, and this could change the historical positioning of Goldman Sachs. Asked by Reuters about the possibility that the institution “creates Bitcoin or Ethereum markets »here is David Solomon's response:
“If the regulatory structures change, we could consider that, but at this time we do not have the authority to do so. »
The CEO of Goldman Sachs, however, remains cautious regarding cryptocurrencies. He recalls that according to him these are speculative assets, even if he understands the public interest in them..
Open an account on N26, the crypto-friendly bank
Godman Sachs moves towards cryptocurrencies
This does not mean that the institution has disdained the cryptocurrency sector. If it waits before offering services related to crypto assets, it does in fact hold Bitcoin ETFsvalued at over $718 million last month, as well as Ethereum ETFs.
🌐 In the news – Microsoft shareholders say “no” to a potential strategic Bitcoin reserve
The question is therefore to know what form could these services offered by Goldman Sachs take?. The company has already created a blockchain platform dedicated to tokenization, which it plans to support with a new company. The signals in favor of the sector are therefore multiplying and like many players, the institution is certainly waiting for Donald Trump to come to power to launch itself more fully.
€20 offered when you register on Bitvavo
Source: Reuters
The #1 Crypto Newsletter 🍞
Receive a summary of crypto news every day by email 👌
Some links in this article may be affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission.
Investments in cryptocurrencies are risky. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your capacity to lose part of this savings. Do not invest if you are not prepared to lose all or part of your capital
Journalist at Cryptoast since 2017, I am passionate about the issues of decentralization, privacy and regulation. I specialize in traditional economics and finance by analyzing how news in this sector influences the cryptocurrency industry, providing a unique and informed perspective to Cryptoast readers.
Marine Debelloir
3246 items
