How will the lack of regulatory clarity impact Goldman, JP Morgan and Blackrock crypto trading desks?

Colleagues, in H1 2018 the cryptosphere was abuzz about top tier financial institutions implementing cryptocurrency trading and investment services. For the time being Goldman Sachs has decided to focus on crypto custody services while halting any plans for cryptocurrency trading for institutional clients citing concerns about the direction of the US SEC’s regulatory framework. Under the leadership of incoming CEO David Solomon and its current CFO Martin Chavez is taking a cautious “wait and see” approach. GS notwithstanding, other tier one player such as JPM, Blackrock, Vanguard and Fidelity appear to be less risk averse. Bottom line: The Cryptocurrency Academy anticipates two key developments. First, the aforementioned players are likely to move ahead with their plans for crypto trading. Second, given time (perhaps 24-36 months) we still believe that Goldman Sachs will launch a crypto trading service once the SEC firms-up its regulatory guidelines and other financial institutions begin to gain traction in crypto trading. Send us your thoughts today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)