Goldman Sachs considering setting up a cryptocurrency trading desk

Bloomberg quoted to the people with the knowledge of the strategy, citing that the US banking giant, Goldman Sachs is mulling over a plan to build a crypto currency trading desk.

Key Points:

The move positions Goldman Sachs to become the first large Wall Street firm to make markets in cryptocurrencies.

Michael DuVally, a Goldman Sachs’ spokesman, said in a statement: “In response to client interest in digital currencies, we are exploring how best to serve them.” 

Meanwhile, Bitcoin on Bitfinex extends its sell-off into a sixth day today, now losing nearly 16% to trade near 12-day lows of $ 13,756.