Barclays reportedly shelves plans to trade cryptocurrencies for its clients

International banking giant Barclays has reportedly shelved plans to create its own cryptocurrency trading platform, which would have seen it actively trade digital assets for its clients. Earlier this year, Barclays put together a senior team of four to lead a “digital assets project,” investigating the long-term investment viability of cryptocurrencies, and the IT infrastructure it would need in order to trade them. Sources familiar with the matter have indicated the plans are now “on ice,” Financial News reports. The project was being led by the bank’s previous head of energy trading, Chris Tyrer, alongside Marvin Barth, Barclays head of foreign…

This story continues at The Next Web

https://ift.tt/2IVqejc David Canellis October 15, 2018 at 06:01AM