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Goldman Sachs current president, David M. Solomon is all set to become the company’s CEO by the end of this year.
Solomon, who has already begun clubbing together with his management team, is set to replace long-time Chief Executive Lloyd C. Blankfein. The move has been a quick one, as just this past March Solomon was named sole President of the Wall Street giant.
Well, for the universe of crypto-asset his appointment could mean a lot (in good terms), as both Solomon and Goldman have voiced their attention in furthering the development of digital coin-related offerings.
To substantiate this stance during earlier this year, Goldman explicitly clarified its initial hiring process in digital current space, a move which shows how serious it is in helping give clients access to the emerging asset class. The firm hired former digital currency trader Justin Schmidt as Vice President and head of digital asset markets in Goldman’s securities division.
Additionally, GS since December of last year has constantly been in the process of developing a trading desk to deal in digital currencies, as per the sources. At the time, it was indicated that firm was aiming to have its platform up and running by this summer (2018).
“In terms of having a trusted institutional player, it has been something I have been looking for in my own crypto trading — but it didn’t exist,” Schmidt said.
The leading global investment bank has pioneered to be the institutional lenders to begin offering CBOE and CME Bitcoin futures for clients, during the same phase, the derivative products were also launched. Goldman permits institutional customers to access Bitcoin by placing an order through the bank which is a member of the exchanges to serving as an intermediary.
Currency Strength Index: FxWirePro's hourly USD spot index has shown 22 (which is neutral), while hourly BTC spot index was at -15 (neutral) while articulating at 11:22 GMT. For more details on the index, please refer below weblink:
http://www.fxwirepro.com/fxwire/currencyindex
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