Sam Bankman-Fried Founder and CEO of the FTX exchange met with Goldman Sachs CEO David Solomon to discuss a potential partnership between the two companies. Financial Times reported on Thursday
The two senior executives discussed Goldman Sachs in advising FTX on future funding. and its role in an initial public offering (IPO), according to the report, citing people familiar with the matter.
Solomon also offered Goldman Sachs’ advice to FTX in discussions with regulators, where FTX US made an offer with the Commodity Futures Trading Commission in March for derivatives trading. The regulator will give an informal review proposal on May 23.
The two also discussed synergies in crypto trading, which involves setting buy and sell prices on certain assets. To facilitate trading and provide liquidity
The pair’s discussions showed a growing interest in mainstream financial institutions. Coinbase is coming into the crypto industry after Goldman Sachs led Coinbase’s IPO last year.
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