Barclays Measuring Client Interest in Crypto Trading


It’s been reported that the UK banking giant Barclays has been gauging clients’ interest in the establishment of a cryptocurrency trading desk.

Insiders have reached out to Bloomberg and reported that so far, only a “preliminary assessment of demand and feasibility” has been made. Bank spokesman Andrew Smith explained that the bank does not have any concrete plans as of yet on the creation of a crypto trading desk:

“Barclays has no plans at this time to build a cryptocurrency trading desk. 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.”


Stand Towards Crypto

Unlike other banking institutions, Barclays does not have a strict regulatory stance against cryptocurrencies. In fact, they had even allowed crypto exchange Coinbase to open an account with them, making Coinbase the first ever cryptocurrency exchange to open a U.K. bank account.

It is still rather unclear as to the banks’ stance on crypto. Analysts from the banking giant had laid out a negative pricing model for bitcoin earlier this week. They were rather critical of the cryptocurrency and treated the it as if it was a “disease”.

Given this, we’d say there’s around a 60% chance that the crypto trading desk would push through. The final decision may very well just boil down to the decisions of the clients and any regulatory restrictions.




Please enter your comment!
Please enter your name here