Goldman Sachs CEO Says Bank Can Consider Bitcoin, Ethereum Spot Trading If Regulations Allow

Goldman Sachs Group Inc. (NYSE:GS) CEO David Solomon said on Tuesday that the investment banking giant might explore becoming a spot market maker for leading cryptocurrencies if more regulatory clarity is provided.

What happened: At the Reuters NEXT event, Solomon stated that the firm’s ability to participate in spot trading for Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) was “extremely limited” from a regulatory point of view.

“You have to ask regulators because, at the moment, as a regulated banking institution, and I think you know this, we’re not allowed to own a cryptocurrency like Bitcoin as a principal,” the CEO said.