Goldman Sachs CEO Mathew McDermott said that their company is active in some crypto businesses.
As the value of the crypto industry is affected by the recent FTX debacle, the investment firm Goldman Sachs is about to step in and invest millions in buying or investing in the crypto industry after the price is low.
In an interview with mainstream media Reuters, Mathew McDermott, a Goldman Sachs Executive, reportedly said that the big banks see opportunities and opportunities as the failure of FTX highlights the need for another principle in the world. in the company. The director of the company added that the company is currently seeing opportunities that are “very valuable” and is working well in some crypto companies.
Commenting on the FTX debacle, McDermott also said that in terms of sentiment, the market has experienced setbacks. However, the culture of the CFO made it clear that although FTX has become the “poster student” of the space, the technology underlying the company “is still working”.
FTX’s bankruptcy crisis has plagued the crypto space since early November. The failure of FTX continues to have a domino effect, affecting crypto-focused businesses that have some exposure to the troubled industry. For this reason, investors in companies such as Goldman are looking for opportunities to buy and invest at low prices as the effect of FTX goes down in price.
Meanwhile, the digital bank in the UK has banned the purchase of crypto for its users. As a result, its customers will not be able to buy Bitcoin BTC ($17,020) or other cryptos. Apart from that, users will no longer be able to receive transfers through crypto exchanges.
While the failure of FTX has created a backlog in terms of interest, some industry players are working to boost industry adoption. Dec. On January 6, the crypto company SEBA Bank joined forces with the financial services company HashKey Group to enable crypto acquisition companies in Hong Kong and Switzerland.
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