Barclays Considering The Set Up Of A Crypto Trading Desk As Goldman Sachs Group Inc (NYSE:GS) Follows Suit


The stock of Goldman Sachs Group Inc (NYSE:GS) closed at $257.88 gaining 0.70% in yesterday’s trading session. Barclays at the moment sticks out as the second-largest bank in the U.K and of course that is in terms of assets. The latest reports indicate that the business guru is considering the unveiling of a cryptocurrency trading desk.

It was just recently when a person well conversant with the matter outlined that for quite some time the bank had been gauging how most of the interested clients would be in a crypto-specific trading desk. It has time and again addressed its clients enlightening them about the various benefits to be reaped from the cryptocurrency service.

However, it is worth noting that to this point in time the company hasn’t yet arrived at any concrete plans to kick start trading activities on cryptocurrencies. He moved ahead to outline that a majority of the top banks might soon be resorting to the exploration of that particular option.

In one of its latest reports, Barclays asserted that it was making a consideration on whether or not to extend the trade offering to its entire suite of clients and that would be including the hedge funds and institutions.

A number of journalists recently approached Barclay’s spokesman Andrew Smith to interview him on the latest developments of the bank. He cracked up on a number of things one of them being that the bank to that moment in time hadn’t yet established any plans to come up with a cryptocurrency trading desk.

He said that as a business they were focusing on monitoring the various developments in the digital currency space on a constant basis. He conclude by stating that they were not going to stop with their plans to get their clients to the discussion table in order to better understand their needs and intentions in the market.

Other banks are said to be weighing on a similar launch as well including Goldman Sachs which was said to be the subject of speculation from way back in December.


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