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Goldman sees clients boomerang in ‘flight to quality’ as crisis engulfs crypto firms
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fnlondon.comGoldman Sachs’ head of crypto trading says investors are “coming back” to the bank to carry out crypto trades after being spooked by crises at digital assets firms like FTX.
Andrei Kazantsev told Financial News that traditional hedge fund and asset manager clients had previously flirted with crypto firms, but are now reverting to institutions like Goldman Sachs because of “counterparty risk” in the digital assets space. He said the process was a “flight to quality”.
Kazantsev's...
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