{"id":4003,"date":"2018-02-01T01:47:32","date_gmt":"2018-02-01T01:47:32","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=4003"},"modified":"2018-02-01T11:22:54","modified_gmt":"2018-02-01T11:22:54","slug":"goldman-sachs-denies-reports-crypto-currency-trading-desk","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/goldman-sachs-denies-reports-crypto-currency-trading-desk\/","title":{"rendered":"Goldman Sachs Denies Reports Of Crypto Currency Trading Desk"},"content":{"rendered":"

\"\"In December, quoting Bloomberg<\/strong> and Fortune<\/strong>, we had reported that Goldman Sachs is forming a team to start a crypto currency trading desk<\/a> . The reports were denied by Lloyd Blankfein<\/strong>, CEO of Goldman Sachs, in an interview with CNBC<\/a>. <\/p>\n

Goldman Sachs, however, revealed that the New York bank owns a stake<\/a> in a crypto trading desk, named Circle Trade<\/strong>, since 2015.<\/p>\n

In 2015, the principal investment strategy group of Goldman Sachs participated in a $50 million funding round with Bitcoin-startup company Circle Internet Financial. The principal investment strategy group<\/a> specifically invests in technology companies.<\/p>\n

Bitcoin (BTC) was trading at around $225.59, when the deal was closed on April 29, 2015. As of writing this, Bitcoin was trading at about $10,050, representing a 4,400% rise from the time Goldman Sachs invested in the Bitcoin-startup company.<\/p>\n

Circle operates two businesses: Circle Pay<\/a> and Circle Trade<\/a>. Circle Pay offers fiat money sending services, in addition to a social messaging facility. Circle Trade is a liquidity provider of crypto currencies. The company also plans to establish Circle Invest in 2018. It will facilitate retail traders to easily invest in crypto markets.<\/p>\n

Goldman Sachs had recently admitted that Bitcoin may substitute real money in some African countries.<\/p>\n","protected":false},"excerpt":{"rendered":"

In December, quoting Bloomberg and Fortune, we had reported that Goldman Sachs is forming a team to start a crypto currency trading desk . The reports were denied by Lloyd Blankfein, CEO of Goldman Sachs, in an interview with CNBC. Goldman Sachs, however, revealed that the New York bank owns a stake in a crypto […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68],"tags":[],"class_list":["post-4003","post","type-post","status-publish","format-standard","hentry","category-cryptocurrency"],"yoast_head":"\nGoldman Sachs Denies Reports Of Crypto Currency Trading Desk<\/title>\n<meta name=\"description\" content=\"Lloyd Blankfein, CEO of Goldman Sachs, in an interview with CNBC, denied reports of setting up a crypto currency trading desk. Goldman Sachs, however, revealed that the New York bank owns a stake in a crypto trading desk, named Circle Trade, since 2015.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legitgambling.com\/news\/goldman-sachs-denies-reports-crypto-currency-trading-desk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Goldman Sachs Denies Reports Of Crypto Currency Trading Desk\" \/>\n<meta property=\"og:description\" content=\"Lloyd Blankfein, CEO of Goldman Sachs, in an interview with CNBC, denied reports of setting up a crypto currency trading desk. Goldman Sachs, however, revealed that the New York bank owns a stake in a crypto trading desk, named Circle Trade, since 2015.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legitgambling.com\/news\/goldman-sachs-denies-reports-crypto-currency-trading-desk\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-01T01:47:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-02-01T11:22:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2017\/12\/goldman-sachs.jpg\" \/>\n<meta name=\"author\" content=\"Cameron Bishop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cameron Bishop\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/goldman-sachs-denies-reports-crypto-currency-trading-desk\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/goldman-sachs-denies-reports-crypto-currency-trading-desk\\\/\"},\"author\":{\"name\":\"Cameron Bishop\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#\\\/schema\\\/person\\\/0e2e077765174748afc2362c890e3f91\"},\"headline\":\"Goldman Sachs Denies Reports Of Crypto Currency Trading Desk\",\"datePublished\":\"2018-02-01T01:47:32+00:00\",\"dateModified\":\"2018-02-01T11:22:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/goldman-sachs-denies-reports-crypto-currency-trading-desk\\\/\"},\"wordCount\":202,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/goldman-sachs-denies-reports-crypto-currency-trading-desk\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/wp-content\\\/uploads\\\/2017\\\/12\\\/goldman-sachs.jpg\",\"articleSection\":[\"Cryptocurrency\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/goldman-sachs-denies-reports-crypto-currency-trading-desk\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/goldman-sachs-denies-reports-crypto-currency-trading-desk\\\/\",\"url\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/goldman-sachs-denies-reports-crypto-currency-trading-desk\\\/\",\"name\":\"Goldman Sachs Denies Reports Of Crypto Currency Trading Desk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/goldman-sachs-denies-reports-crypto-currency-trading-desk\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/goldman-sachs-denies-reports-crypto-currency-trading-desk\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/wp-content\\\/uploads\\\/2017\\\/12\\\/goldman-sachs.jpg\",\"datePublished\":\"2018-02-01T01:47:32+00:00\",\"dateModified\":\"2018-02-01T11:22:54+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#\\\/schema\\\/person\\\/0e2e077765174748afc2362c890e3f91\"},\"description\":\"Lloyd Blankfein, CEO of Goldman Sachs, in an interview with CNBC, denied reports of setting up a crypto currency trading desk. 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