FTX's implosion has heightened the need for more trustworthy, regulated cryptocurrency players, and big banks see an opportunity to pick up business, Mathew McDermott, Goldman's head of digital assets, said this week. While the amount Goldman may potentially invest is not large for the Wall Street giant, its willingness to keep investing amid the sector shakeout shows it senses a long term opportunity.
| less than a minute read
Goldman Sachs on hunt for bargain crypto firms after FTX fiasco
"We do see some really interesting opportunities, priced much more sensibly," McDermott said in an interview last month.
