Investment Bank Goldman Sachs has hired former trader Justin Schmidt (Justin Schmidt), who became the first head of markets of digital assets in the division of securities of the company. He began work April 16.
“In response to customer interest in the various digital products we are studying how best to serve them in this space. At the moment we have not concluded on the extent of our offer of digital assets”, — said the representative of Goldman Sachs Tiffany Galvin-Cohen (Tiffany Galvin-Cohen).
The information that one of the largest banks on wall Street, perhaps preparing to open a platform for trading cryptocurrencies, appeared at the end of last year. Later, the head of Goldman Sachs Lloyd Blankfein (Lloyd Blankfein) denied these rumors. He confirmed that, according to previously voiced plans, the Bank performs the clearing of transactions in bitcoin futures “for some customers”.
However, Blankfein silent about the fact that the Bank mediated is already part of the cryptocurrency market — he owns a minority share in FINTECH-startup Circle. This company is the owner of the OTC cryptocurrency trading platform. In late February, the Circle purchased the crypto currency exchange Poloniex announced expansion plans of its activities in Asia.
The volume of cryptocurrency trading on the OTC platform Circle is about $2 billion in the month and year it was decided to increase the minimum transaction size from 250 thousand to 500 thousand. Moreover, according to the head of division Trade Circle Jeremy Allaire (Jeremy Allaire), most transactions are made in large amounts.