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Goldman Sachs Explores a New World: Trading Bitcoin

Move would make it the first big Wall Street firm to deal directly in the growing yet controversial cryptocurrency market

By

Paul Vigna,

Paul Vigna

The Wall Street Journal

Biography Paul Vigna
@paulvigna
Google+
Paul.Vigna@wsj.com

Telis Demos and

Telis Demos

The Wall Street Journal

Biography Telis Demos
@telisdemos
Telis.Demos@wsj.com

Liz Hoffman

Liz Hoffman

The Wall Street Journal

Biography Liz Hoffman
@lizrhoffman
liz.hoffman@wsj.com

Oct. 2, 2017 11:45 a.m. ET

Goldman Sachs Group Inc. is weighing a new trading operation dedicated to bitcoin and other digital currencies, the first blue-chip Wall Street firm preparing to deal directly in this burgeoning yet controversial market, according to people familiar with the matter.

Goldman’s effort is in its early stages and may not proceed, the people said. The firm’s interest, though, could boost bitcoin’s standing among investors and fuel the debate around digital currencies, which were initially viewed as havens for illicit activity...

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