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Goldman Sachs changes its mind on cryptocurrency trading
Executives at Goldman Sachs are surely familiar with the saying “it takes two to make a market.” They are also aware that it actually takes significantly more than two if money is to be made as a middleman.
Back in October, the bank created a stir by announcing that it was exploring a cryptocurrency trading desk. Fans saw it as a sort of vindication after JPMorgan Chase boss James Dimon said weeks earlier that he would fire any of his traders who tried to transact in bitcoin.