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RE: Breaking News : Goldman Sachs owned Circle buys Poloniex Exchange for 400M USD

in #cryptocurrency7 years ago


Lets now see what JPM, CB and the others do.Was actually going to post this. Thanks @dreamstream. This further supports many thoughts that the Street has been playing both sides like the good old trading days. Slam the asset class you want to go long, establish strategic positions and then formally support the asset class. We have also heard that prop desks have been going long crypto. Now with this acquisition, GS is clearly supportive. Another step towards legitimacy. Also provides more support for liquidity in the asset class.

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same old same old it seems

wonder what this will do for the price of BTC etc though going forward

Right! I sense today's move up was partially driven by this announcement.