Barclays. a British multinational investment bank. recently halted an internal cryptocurrency trading project. While it’s uncertain why Barclays stopped the project. according to the Financial News London’s article published on Oct. 15. the bearish cryptocurrency market may have been a large factor that influenced the investment bank’s decision.
Barclays recently stopped a cryptocurrency trading project that began in early 2018. The bearish cryptocurrency market. high levels of market manipulation. a. . .
LONDON (Reuters) — Barclays BARC. L is no longer providing banking services to major cryptocurrency exchange Coinbase. sources familiar with the matter told Reuters. ending a relationship that. . .
Their head of energy trading Chris Tyrer departed from the company following the management’s decision on closing the crypto-project. In early 2018 Barclays had shown a keen interest in crypto-currency and hired specialists of the trade. notably Tyrer. to help them understand the feasibility of the market.
Barclays. one of the largest financial conglomerates in the UK with a wide representation in Europe. the USA and Asia has recently stopped a cryptocurrency trading project …
Barclays Pauses Cryptocurrency Trading Platform Amidst Bear Market. Barclays — one of the world’s largest multinational banks — has ceased working on a cryptocurrency trading project and is reportedly putting the platform “on ice. ” two inside sources told Financial News this week. Earlier this year. the investment bank assembled a team of industry experts to head the project. with the goal of investigating how digital assets trading could be incorporated into the …
Barclays Former Traders Say Theyre Working On A Crypto Trading Desk. Bank Denies It. — Two of Barclays’ former traders say they’re working on a “digital assets project” for the bank. — Barclays says it has no plans of launching a crypto trading desk. Matthieu Jobbe Duval. the former director of oil options trading at Barclays. and Chris Tyrer. former head of energy trading at Barclays. claim in their LinkedIn profiles that they’re managing the development of a …
When Barclays Stated its Project. Barclays started the blockchain project earlier this year when it created a consortium of industry specialists with the main agenda of exploring various aspects of the technology. most especially Cryptocurrency trading. That was the last major news coming from them in relations to blockchain technology.
In May. Jes Staley. Barclays’ CEO. said the bank had no plans to launch a crypto trading desk. At the time. he stated he was wary of regulatory and compliance issues. At the time. he stated he . . .
However. Barclays issued a statement back in April after rumors of the bank’s plans for a crypto trading desk started popping up. In a statement. Andrew Smith . a spokesman for Barclays said We constantly monitor developments in the digital currency space and will continue to have a dialog with our clients on their needs and intentions in this market
