Greg had the news earlier on Goldman Sachs setting up a cryptocurrency trading desk
Not just for BTC trade, but for other crypto currencies all along the blockchain (I just made that saying up, whaddya think?).
On my title to this post - the spreads in these things make trading desks a potentially lucrative proposition indeed. I'm not saying its easy, far from it, but what would you prefer to be making markets in, a dinosaur currency that spends its day lazing in a garbage range ... or in wild swingers like BTC?
I note from the report that apparently the target is to set it up by June. There are a lot of issues to resolve, but I can't help but think .... toooooo slow, chaps.
Bloomberg for more
How its looking today:
