Barclays, one of the largest conglomerates in the world of finance, froze the project to create a platform for trading cryptocurrency, which began to engage in the beginning of the year. It is reported by the publication Financial Times London, citing two sources familiar with the situation.
It is known that the head of the project, Chris Tyrer, left Barclays in September, and the idea of developing a platform for crypto-trading was postponed indefinitely. There is also information that four high-ranking employees of the conglomerate have long studied the long-term prospects of cryptocurrencies as assets – and, apparently, they did not like the forecasts.
The trading platform was originally supposed to appear in April – a source told the Financial Times London. However, Barclays deny such information and say that they were not going to work with cryptocurrency in any form.