Goldman Sachs Group Inc (GS)

[Rawlens]

Goldman Sachs Group Inc (NYSE:GS) Considers Providing Crypto Storage Services – Goldman Sachs Group Inc (NYSE:GS) is said to be holding discussions while it considers getting into the crypto storage services space. It is planning on providing the custodial services that will allow cryptocurrency funds invested in coins like Bitcoin (BTC-USD) to store digital coins safely. One of the biggest hindrances that stand in the way of institutional investors from investing in digital currencies is storage of the coins. The said investors are wary of the risk of storing the virtual currency in some server in an unknown location. Reports of several exchanges being hacked and cryptos being stolen do not help the situation. Attracting institutional investors. However, with the interest of Goldman to provide custodial services will go a long way in attracting institutional investors into the crypto sector. Read more: https://marketexclusive.com/goldman-sachs-group-inc-nysegs-considers-providing-crypto-storage-services/2018/08/