• Meanwhile, Goldman Sachs Dumps Plan for Crypto Trading Desk

South Korean government-run Korea Post is reportedly looking to utilize Goldman Sachs Group Inc.’s knowledge to study cryptocurrencies, blockchain technology, and associated trends like artificial intelligence.

Now, it appears, the company is ready to learn more about crypto.

Korea Post president Kang Seong-ju claimed that he has discussed cryptocurrencies with incoming Goldman Sachs chief executive David Solomon in New York. According to Bloomberg, staff from the former company will meet with the latter’s dedicated crypto research team in Hong Kong later this month.

The increased interest from Korea Post only serves to indicate that cryptocurrencies and their associated technologies are becoming increasingly more mainstream, while traditional authorities, institutions, and governments look to come to grips with the nascent technology.

Meanwhile, Business Insider has reported that Goldman Sachs is dumping its plans to open a cryptocurrency trading desk — at least, for the foreseeable future. However, the American multinational investment bank and financial services company is still planning on a cryptocurrency custody solution for institutional investors.

What do you think about Korea Post’s meeting with Goldman Sachs? What do you think about the latter giving up on its plans to open a cryptocurrency trading desk? Be sure to let us know your thoughts in the comments below!

BeInCrypto Staff

The opinion of BeInCrypto staff in a single voice.

Follow Author

Want to know more?

Join our Telegram Group and get trading signals, a free trading course and daily communication with crypto fans!

This site uses cookies.
Click here to accept the use of these cookies. View our cookie policy

We are discussing it in our Telegram Channel

Join

We are discussing it in our Telegram Channel

Join