Thank you @khaleelkazi. Some great additional thoughts here on this news. Aside from the service/competition perspective, I view this from a finance angle. This acquisition further supports many thoughts that Wall Street has been playing both sides of the "trade", like the good old days (similar to Junk Bonds). Slam the asset class you want to get involved in, to buy cheap and to go long, establish strategic positions and then formally support the asset class through M&A, cap markets, market making (legitimacy/liquidity), research/analysis (recommendations) and long term investors (individuals/ investor funds). We have heard that prop desks at both Wall Street firms and hedge funds have been going long crypto. Now with this acquisition, GS is clearly supportive and indirectly involved (due to regulatory issues, they should not have directly ownership now, etc.) . This is another step towards greater legitimacy and acceptability. Lets now see what JPM, CB and the others to counter GS jumping in.

I self upvoted to move up my comment higher for your thoughts.