Goldman Sachs Reportedly Seeking Closer Ties With FTX Crypto Exchange
Goldman Sachs is purportedly aiming to assist crypto exchange FTX with navigating US rules, among other worries.
According to those acquainted with the subject quoted by the publication, Goldman CEO David Solomon and FTX CEO Sam Bankman-Fried (SBF) discussed possible collaboration avenues in March.
The two are alleged to have discussed ways in which Goldman Sachs could help FTX with its intention to offer retail crypto derivatives trading. In March, the exchange’s US arm applied to the Commodity Futures Trading Commission (CFTC) for permission to trade crypto derivatives on margin.
In March, a Congressional hearing with the CFTC chairman was held on FTX’s crypto derivates application.
In a conversation with the CFTC, Solomon suggested that Goldman counsel FTX
Plans for future investment rounds and a prospective initial public offering for FTX were also explored.
In January, FTX raised $400 million in a Series C fundraising round, valuing the company at $32 billion. SBF is allegedly in talks with private investors regarding a potential new round of finance.
Solomon’s alleged overtures to SBF are consistent with Goldman’s growing crypto footprint. This trend contrasts with key Wall Street players’ primarily anti-crypto rhetoric in prior years.
Goldman Sachs already provides over-the-counter (OTC) crypto options trading and participated in a fresh fundraising round for blockchain security firm Certik in April.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Goldman Sachs Reportedly Seeking Closer Ties With FTX Crypto Exchange
Goldman Sachs is purportedly aiming to assist crypto exchange FTX with navigating US rules, among other worries.
According to those acquainted with the subject quoted by the publication, Goldman CEO David Solomon and FTX CEO Sam Bankman-Fried (SBF) discussed possible collaboration avenues in March.
The two are alleged to have discussed ways in which Goldman Sachs could help FTX with its intention to offer retail crypto derivatives trading. In March, the exchange’s US arm applied to the Commodity Futures Trading Commission (CFTC) for permission to trade crypto derivatives on margin.
In March, a Congressional hearing with the CFTC chairman was held on FTX’s crypto derivates application.
In a conversation with the CFTC, Solomon suggested that Goldman counsel FTX
Plans for future investment rounds and a prospective initial public offering for FTX were also explored.
In January, FTX raised $400 million in a Series C fundraising round, valuing the company at $32 billion. SBF is allegedly in talks with private investors regarding a potential new round of finance.
Solomon’s alleged overtures to SBF are consistent with Goldman’s growing crypto footprint. This trend contrasts with key Wall Street players’ primarily anti-crypto rhetoric in prior years.
Goldman Sachs already provides over-the-counter (OTC) crypto options trading and participated in a fresh fundraising round for blockchain security firm Certik in April.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Annie
CoinCu News
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