Goldman Sachs In Negotiations With Crypto Exchange FTX

Goldman Sachs is reportedly in negotiations with cryptocurrency exchange FTX to combine some portions of their derivatives businesses.

FTX is one of the major cryptocurrency exchanges in the world, spearheaded by CEO and founder Sam Bankman-Fried. At the moment, it provides crypto trading to U.S investors via its FTX.US division, and the exchange also recently obtained a licensed derivatives exchange in the country as well.

Goldman Sachs is among the various FCMs (Futures Commissions Merchants) presently in discussions with FTX. Commitments to integrate with FTX might include trading futures directly, onboarding clients and serving as an on-ramp to the exchange in addition to supplying clients with capital top-ups.