Goldman Sachs is struggling to find a way to trade bitcoin.
The financial services giant has scratched its plans to open a desk for trading cryptocurrencies, at least for the near term, according to a Business Insider report on September 5, 2018.
Cryptocurrency markets seemed to respond negatively to the news. Bitcoin dropped roughly 5 percent, falling below $ 7,000. The rest of the top five cryptocurrencies by market cap toppled by more than 12 percent.
Rumors of Goldman setting up a crypto trading desk to make markets in digital currencies, such as bitcoin, have been circulating since December 2017.