Tag: GoldmanSachs

Investment bank Goldman Sachs plans to spend “tens of millions of dollars” to buy or invest in crypto firms whose valuations declined after the collapse of crypto exchange FTX, Reuters reported. “We do see some really interesting opportunities, priced much more sensibly,” said the bank’s digital asset head Mathew McDermott. According to a Reuters report,…

Goldman Sachs is reportedly seeking $2 billion in commitments from investors to buy distressed crypto assets of Celsius at steep discounts if the crypto lender goes bankrupt. The Wall Street firm is looking to raise $2 billion from investors to buy up distressed assets from troubled crypto lender Celsius, CoinDesk reported citing two sources familiar…

Goldman Sachs has expanded its client-facing crypto offering with a derivatives product linked to Ether (ETH), according to Marex Financial statement. The investment bank restarted its crypto operations in 2021 as a flood of institutional money entered the market, the core of its offerings has centered around derivatives tied to cryptocurrencies like Bitcoin. Today, amid…

Goldman Sachs, a Wall Street investment bank, is reportedly in talks with crypto exchange FTX as it plans to integrate a few features of its derivatives businesses. The CEOs of the two companies met in the Caribbean to discuss a potential partnership. Also, Goldman Sachs might work with FTX to help the exchange to achieve…

Goldman Sachs offered its first-ever lending facility backed by Bitcoin, a significant step for a major U.S. bank that shows an increased interest in crypto from traditional financial institutions. It allows crypto owners to receive fiat by using their crypto assets as collateral, which is the first case for Wall Street banks. According to Bloomberg,…

Last week, top executives at financial firms recapped a quarter on Wall Street in their post-earnings calls with investors. A widely-cited topic in those conferences was imminent blockchain plans from the industry’s biggest firms, including BlackRock, JPMorgan Chase, and Goldman Sachs. CEOs of the major financial institutions, including BlackRock, JPMorgan Chase, and Goldman Sachs, were…