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Goldman Eyes Crypto Buying Spree After FTX Collapse

Goldman Sachs intends to invest in or buy cryptocurrency companies to the tune of “tens of millions of dollars” as valuations have fallen since the implosion of crypto exchange FTX. So reports Reuters.

Goldman SachsMathew McDermott, Goldman's head of digital assets, told the news service that the FTX collapse has elevated the importance of reliable, regulated crypto businesses and that Goldman was doing due diligence on several candidates.

McDermott was quoted as saying in a November interview, “We do see some really interesting opportunities, priced much more sensibly.”

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