Bank FX teams eye slice of crypto derivatives action

Business heads increasingly confident that trading will reside in their patch

FX-desks-seek-slice-of-crypto-pie montage

As banks try to work out where digital assets will sit within their existing structures, foreign exchange teams are quietly confident they will scoop up trading of the nearly $2 trillion market.

Crypto does not neatly fit into any existing asset class, and arguments could be made that trading of crypto could sit in either of the equities, FX or even commodities businesses.

Goldman Sachs is the only bank actively trading crypto derivatives, and it’s understood the trading is done out of the

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