Goldman Sachs reportedly looking to buy crypto firms after FTX collapse

Potential purchasing opportunities open up for institutional investors like Goldman Sachs due to the FTX contagion...

Goldman Sachs is reportedly looking to buy out crypto firms after the collapse of FTX, the second-largest crypto exchange in the industry. Mathew McDermott, who handles business development for Goldman, said that big banks are seeing opportunities in the space as the FTX collapse highlighted a need for more regulation within the industry.  The executive added that the firm is currently seeing opportunities "priced more sensibly" and is already doing its due diligence on some crypto companies. And Goldman isn't the only interested party either. Many institutional investors are looking to take advantage of this rare opportunity to buy and invest at lower prices while the effects of FTX are lowering valuations.  Overall, it's hard to predict how the decentralized nature of the space will be impacted by the buyouts from big banks going forward — only time will tell. Want to learn more?  Read the full story here on Cointelegraph. Keep up with all the most interesting events happening in the crypto space. Leverage the same AI technology that Cointelegraph's journalists use to surface the latest news with the NewsQuakes™ indicator that's only available on Markets Pro — learn more. Russell DeCorte Director Markets Pro © 2022 COINTELEGRAPH MARKETS PRO COINFIDENTIAL. Copyright © 2022 Cointelegraph Markets Pro, All rights reserved. You are receiving this email because you opted in at our website. Our mailing address is: Cointelegraph Markets Pro 21 W 46th St New York, NY 10036-4119 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.