Goldman Sachs Eyes Collaboration With Crypto Exchange FTX as CEOs Meet: Report

2 years ago

Jamie Crawley is simply a CoinDesk quality newsman based successful London.

Sam Bankman-Fried, the laminitis and CEO of crypto speech FTX, met Goldman Sachs CEO David Solomon successful the Caribbean to sermon imaginable collaborations betwixt the 2 firms, the Financial Times reported Thursday.

  • The 2 main executives discussed Goldman Sachs advising FTX, which was valued astatine $32 cardinal in January, connected aboriginal backing rounds and taking a relation successful a imaginable archetypal nationalist offering (IPO), according to the report, which cited radical acquainted with the matter.

  • The 2 besides discussed collaborating connected marketplace making successful crypto trades. Market making involves mounting bargain and merchantability prices connected definite assets to facilitate trades and supply liquidity.

  • The discussions show the expanding involvement mainstream fiscal institutions are taking successful the crypto manufacture aft Goldman Sachs led the IPO of crypto speech Coinbase past year.

  • Goldman Sachs declined to remark connected the study erstwhile contacted by CoinDesk. FTX had not responded by property time.

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Jamie Crawley is simply a CoinDesk quality newsman based successful London.

Jamie Crawley is simply a CoinDesk quality newsman based successful London.


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