Goldman Sachs has hired its first employee to focus exclusively on digital currencies as the Wall Street bank explores creating a bitcoin trading desk, a person familiar with the situation tells Business Insider. Justin Schmidt joined the New York-based investment bank as a vice president and head of digital asset markets in the firm’s securities division. The news was first reported by Tearsheet. A Goldman spokeswoman confirmed the hire to Business Insider.
Schmidt will explore how Goldman could dive deeper into the nascent market for digital currencies, including the possible launch of a cryptocurrency trading desk at Goldman. He will not be trading anything at the bank, including crypto.
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