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One of the world’s largest investment banks is quietly holding high-level discussions about establishing a dedicated cryptocurrency trading desk.
Goldman Sachs is also rumored to be taking steps to set up a cryptocurrency trading desk that will begin making markets by the end of the second-quarter, though Goldman CEO Lloyd Blankfein has publicly denied this report.
By becoming an early investor in the DigitalBank , you become a registered co-founder and shareholder in the DigitalBank company ( DGBK Ltd ) .
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At this stage we are registering co-founders as shareholders in the DigitalBank company .
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Notably, the bank already has indirect ownership in a cryptocurrency trading desk through its investment in Circle, whose over-the-counter (OTC) desk handles several billions of dollars in cryptocurrency trades per month.
If investment banks did begin making markets for cryptocurrency trades, it would likely make hedge funds and other institutional investors more comfortable with adding cryptoassets to their portfolios.
Industry insiders have repeatedly identified custodial issues as one of the primary reasons that institutions have been hesitant to dabble in cryptocurrencies, and banks could likely solve this particular pain point for their clients.
Last week, a group of Barclays analysts issued a client note that took an extremely critical tone on Bitcoin. The team, which was led by Joseph Abate, argued that interest in Bitcoin spreads like a disease and that by this point most investors have already either been infected or developed an immunity. This, they claimed, provides Bitcoin with a bearish outlook as there are more potential sellers than prospective buyers.
