Goldman Sachs has appreciated crypto dealer Justin Schmidt as vice president of electronic asset markets of the securities department so as to help customers browse cryptocurrencies, Bloomberg accounts, April 23.
An MIT Computer Science Masters grad, Schmidt, had worked at LMR Partners, WorldQuant LLC, along with Seven Capital. His LinkedIn reveals him operating in “Crypto” as of 2017.
Goldman Sachs spokesperson Tiffany Galvin-Cohen explained in an announcement that
“in response to client interest in various digital products, we are exploring how best to serve them in the space. We have not reached a conclusion on the scope of our digital asset offering.”
Rumours which Goldman Sachs was contemplating launching a crypto trading table were denied by CEO Lloyd Blankfein that January, but the lender has owned a portion since 2015.
Former Goldman Sachs executives have abandoned the traditional bank to join companies. An ex-Goldman Sachs vice president combined crypto wallet Blockchain.com a week ago, and yet another Goldman Sachs exec allegedly left to combine Wall Street exec Mike Novogratz’s crypto merchant bank earlier this season.