The Wall Street giant is reportedly weighing up digital asset services like digital currency custody and trading, as a reflection of the ‘very rapid’ take up of digital currency investments across its client base.
David Stockman, former top economic advisor to US President Ronald Reagan, warns that a recession could be coming any time now. When it does, cryptos could be a solid investment for weary investors.
JPMorgan recently announced that it has begun to offer its own version of a cryptocurrency stablecoin, the JP Coin.
The sixteenth installment in a weekly column, A Power of Facing cobbles together the various entry points Wall Street has recently taken up to position themselves within the crypto ecosystem. There’s a pattern forming.
In anticipation of extreme growth, Coinbase has said that it will hire an additional 150 employees in 2019 as it continues to grab a hold of Wall Street.
Major global investment bank Morgan Stanley is planning to launch trading in crypto swaps for its clients, according to reports.
Things could get really interesting in the cryptocurrency space after Goldman Sachs CEO Lloyd Blankfein retires from the company in December.
Brian Kelly, founder of the digital asset investment firm BKCM, has partnered with Gregg King of REX Shares to direct a portfolio of around 30 companies that currently use blockchain technology.