Barclays measures its clients’ interest in cryptocurrency trading
Information that Barclays, the second largest bank in the UK by assets, is considering opening a cryptocurrency trading department, was reflected in the news this Monday..
A source familiar with the situation told CoinDesk on Monday that the bank is assessing how much its customers might be interested in such an offer. Bloomberg owns similar information.
The bank currently has no specific plans to trade cryptocurrencies, the source said, adding that most, if not all banks are considering doing so..
The source added that Barclays also assesses the rationale for providing access to cryptocurrency trading to all of its clients, including institutional investors..
In response to an inquiry from CoinDesk, a spokesman for Barclays stated, “Barclays currently has no plans to create a department to trade cryptocurrencies. We are constantly monitoring trends in the digital currency space and will continue to engage in dialogue with our clients about their needs and intentions in this market in the future. “.
Other banks have also addressed the issue in the past, the most notable of which is probably Goldman Sachs. Rumors that Goldman could provide its clients with the opportunity to trade cryptocurrencies appeared in December, but a week later the bank’s CEO Lloyd Blankfein dispelled them, although he did not rule out that in the future his company could reconsider its position..
Earlier it became known that Barclays is creating a venture division to invest in blockchain and smart contracts..
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