Goldman Sachs Gets Serious About Cryptos After Calling Them A Business Risk

Goldman Sachs, an investment banking giant recently hired a VP for its cryptocurrency clients but denies opening a crypto trading platform. This is certainly a positive turn to the bank’s previous stance on cryptocurrencies where it considered them a business risk.

Goldman made its first for the digital asset market unit

Finally, Goldman Sachs has made its entry into the cryptocurrency market by hiring the first crypto trader. The Wall Street bank has hired Justin Schmidt who is a former trader as the vice president and the head of digital assets market in the securities division of Goldman Sachs.

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