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. Plans were in the works to get the desk ready by the end of June 2018. The crypto trading desk was to become part of Goldman’s securities division, where the Wall Street giant trades everything from stocks to bonds to currencies. But with regulatory waters still murky, executives have decided more steps need to be taken, most of them outside the bank's control, before a regulated institution would be allowed to trade cryptocurrencies, according to Business Insider.The biggest problem for financial institutions that want to buy and sell bitcoin is that the centralized exchanges the asset trades on have a history of being vulnerable to hacks. As a result, any bank looking to facilitate those trades has to figure out how to safeguard those assets in a way that keeps regulators happy. So far, Goldman has apparent... For Further Information Click on Below Button