Goldman Sachs has seemingly, and in the present time, completely immersed itself in the activity of looking out for relevant and bargain crypto-based companies. As per its present aim and intention, the entity has firmly decided to pump in an enormous amount of funds that will be required to buy out the crypto firms available in the market or the next best option of sufficiently investing in them. The basic criteria happen to be that they should possess some existing value to create further growth prospects.
All of this stems from the total downfall of the FTX exchange and correspondingly running into bankruptcy. The current dismal scenario is such that, along with the overall value, the downward slide observed in investors’ overall interest is an important issue that needs to be actively addressed with immediate effect. In their collective opinion, the complete collapse of the FTX, besides having affected the entire crypto scenario, has inadvertently created the immediate requirement for more dependable and transparent crypto players to come to the forefront.
They are also of the viewpoint, and according to their observation and analysis, more financial institutions are coming into the fray. However, Goldman sees recruitment opportunities for them as many crypto firms are breaking up and laying off their employees. However, other competitors are doing the same. A good example is Britannia Financial Group. Britannia is applying for a license to provide crypto services like settling deals for rich personas.
