CryptoCompare Digital Asset Management Review: ETH Now Represents 13% Of AUM Across All Digital Asset Investment Products Date
22/04/2021
CryptoCompare has just released its latest Digital Asset Management Review, a monthly report that focuses on key developments in the global digital asset investment product landscape. The report tracks the adoption of these products by analysing assets under management, trading volumes, and price performance.
April has been a volatile month; Bitcoin set a new all-time high of $64,773 on the 14th but crashed to below $52,000 a few days later. Compared to March, trading volumes across all products have decreased by 5.3% to $706mn/day while total AUM has decreased 4.5% to $56bn. Ethereum has performed well, and now represents 13% of total AUM across all digital asset investment products.
Goldman Sachs Is Planning Grand Entry into Crypto Space with Custody Service
Jan 16 2021 · 12:05 UTC | Updated
Jan 18 2021 · 08:54 by Benjamin Godfrey · 3 min read
Photo: Depositphotos
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The inside source made assertions that Goldman Sachs is avoiding cryptocurrency brokerage services which are currently being provided by a number of US-based cryptocurrency exchanges including Coinbase, and Gemini amongst others.
American multinational investment bank and financial services company Goldman Sachs Group Inc (NYSE: GS) is reportedly planning an entry into the cryptocurrency ecosystem through the offering of cryptocurrency custody service. According to a report by Coindesk, citing sources familiar with the matter, Goldman Sachs has issued a request for information (RFI) to explore digital asset custody and the bank’s plans will be made “evident soon.”