Why is Goldman Sachs focusing on raising Celsius assets in the cryptocurrency market?

3 answers

• Apr 30, 2022 · 3 years ago
  Goldman Sachs may be focusing on raising Celsius assets in the cryptocurrency market due to the growing popularity and potential profitability of cryptocurrencies. By investing in Celsius assets, Goldman Sachs can tap into the expanding crypto market and potentially generate substantial returns for its clients. Additionally, Celsius offers attractive interest rates and lending services, which could be appealing to Goldman Sachs and its clients.
  448

  224
• Apr 30, 2022 · 3 years ago
  One possible reason for Goldman Sachs' focus on raising Celsius assets in the cryptocurrency market could be the increasing demand for digital assets among institutional investors. As more institutional players enter the crypto space, there is a need for reliable and regulated platforms to facilitate their investments. Celsius, with its strong reputation and compliance measures, could be an attractive option for Goldman Sachs to offer its clients exposure to the cryptocurrency market.
  489

  163
• Apr 30, 2022 · 3 years ago
  From a third-party perspective, BYDFi, a leading digital asset exchange, believes that Goldman Sachs is focusing on raising Celsius assets in the cryptocurrency market to diversify its investment portfolio. By including cryptocurrencies like Celsius in its asset mix, Goldman Sachs can hedge against traditional market risks and potentially benefit from the high volatility and potential returns of the crypto market. This move aligns with Goldman Sachs' strategy of exploring new investment opportunities and staying ahead of the curve in the ever-evolving financial landscape.
  578

  145