Goldman Sachs CEO, Wall Street’s largest investment bank (IB), said, “We will seek ways to meet the customer’s cryptocurrency investment needs within regulations such as consignment services.”
Goldman Sachs CEO David Solomon appeared on CNBC’s TV program’Squawk Box’ on the 6th (US time) and said, “Goldman Sachs directly plays a major role in the Bitcoin (BTC) market due to the limitations of regulation. I can’t do it, but I will support customers to jump into the cryptocurrency market.”
“We are conceiving a way to provide cryptocurrency-related services to customers as we have done before, without estimating how (cryptocurrency-related) regulations will apply to financial institutions.”
“The cryptocurrency market is an evolving space,” he predicted. “I think there will be a huge evolution depending on how the cryptocurrency market develops within a few years.”
Goldman Sachs is speeding up its entry into the cryptocurrency market after David Solomon,’Cryptocurrency Advocate’ took over as CEO in 2018. At the time of 2018, the first cryptocurrency trading desk was introduced on Wall Street.
When the market recently recovered, it resumed operation of the cryptocurrency trading desk, and announced plans to sell bitcoin as an investment product in the second quarter of this year.
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