Trading

Barclays CEO rules out move into crypto trading

Jes Staley says the bank has no immediate plans to set up a dedicated desk for trading cryptocurrencies

Jes Staley, chief executive officer of Barclays
Jes Staley, chief executive officer of Barclays Photo: Getty Images

Barclays chief executive Jes Staley has ruled out the possibility of the bank launching a dedicated cryptocurrency trading desk — for now.

In response to a shareholder question at Barclays' annual general meeting on Tuesday, Staley said the bank was looking into cryptocurrency-related business but wary of regulatory and compliance issues.

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