Wall Street bank Goldman Sachs will be setting up a trading desk for cryptocurrencies like bitcoin, with the desk set to be up and running by the end of June 2017.

Cryptocurrencies are notorious in the financial world for their volatile price surges and dips — bitcoin, for instance, is down 25% as of 9am ET today — which has made most incumbent financial institutions wary to engage with them.

The upcoming trading desk would make Goldman Sachs the first large incumbent to make markets in cryptocurrencies, a move that follows its decision to support the bitcoin futures offered by the CME Group and Cboe Global Markets, respectively.

Read  more at Blooomberg, Fortune, and CNBC.

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