Goldman Sachs To Unveil Crypto Classification System, Here’s What It Means

American multinational investment bank and finance giant Goldman Sachs said it will soon launch a crypto classification system, Datanomy. The big bank said Datanomy is a tool that classifies coins and tokens based on how the respective cryptocurrencies operate. The system would help analyze the crypto ecosystem and raise transparency into market movements, it said. Datanomy could be used for various use cases including the review and assessment of portfolio performance and reporting, it added.

Anvesh reports major developments around crypto adoption and trading opportunities. Having been associated with the industry since 2016, he is now a strong advocate of decentralized technologies. Anvesh is currently based in India. Follow Anvesh on Twitter at @AnveshReddyBTC and reach him out at [email protected]

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