Goldman Sachs executive: Crypto infrastructure providers could join in the future

According to CoinDesk, Matt McDermott, global head of global resources at Goldman Sachs Global Trading, predicts that as the market grows, crypto vendors will become more competitive. “Traditional banks” like Goldman Sachs may find it difficult to grow to reach their crypto markets. One way to be clear is to do mergers and acquisitions. McDermott explained that this is a place of rapid growth and that the cryptocurrency industry has come a long way in the past few years. Consumers now expect banks to always develop their own products to meet this demand. So there will be some integration in this area.