Goldman Sachs Expects Digital Yuan to Reach 1B Users Within 10 Years
Goldman Sachs predicts China’s digital yuan will attract 1 billion users within a decade, helping China’s commercial banks compete with fintech companies.
The global head of commodities research believes the amount of institutional money in bitcoin needs to grow to mature the asset.
The crypto trading platform is also considering the possibility of a merger with a special purpose acquisition company, according to Israeli newspaper Calcalist.
Goldman, JPMorgan and Citi are all said to be looking at crypto custody.
Coinbase's selection comes per industry sources cited by Business Insider.
Trading app Robinhood has chosen Goldman Sachs to lead the way for an initial stock offering, people familiar with the matter told Reuters.