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.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.