News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Trading

Goldman Sachs cools cryptocurrency trading plans — report

Price of bitcoin slipped to under $7,000 after report the bank had ditched plans for a crypto trading desk

Goldman Sachs cools cryptocurrency trading plans — report

Goldman Sachs has said it is still deciding on its strategy for the growing digital assets market, following reports it had ditched immediate plans to offer trading in cryptocurrencies.

The price of bitcoin, the leading digital currency, fell below $7,000 on Wednesday after Business Insiderreported the US investment bank had pulled back because of an unclear regulatory environment.

WSJ Logo