Sam Bankman-Fried and David Solomon discussed Goldman Sachs’ possible advice to FTX in talks with U.S. regulators and a possible IPO.
With the suggestive title “Goldman Sachs sought to woo FTX at Caribbean meeting.” the medium Financial Times told today about the meeting they had with the CEO of the exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. FTX and the CEO of the banking giant in a Caribbean paradise.
Although it is not yet known from their own mouths the issues that both directors discussed, many media have suggested that the meeting could qualify as historic and lead to joint moves in the future of both companies.
Según explicó Coindesk, el CEO de FTX, Sam Bankman-Fried, se reunió con el director ejecutivo de Goldman Sachs, David Solomon, in the Caribbean for the purpose of discuss possible collaborations between the two companies .
Informa Financial Times that, according to people familiar with the matter, the two CEOs talked about a likely consultancy from Goldman Sachs to FTX, which was valued at USD $32 billion in January, in future rounds of funding and taking a role in a potential initial public offering (IPO).
The media outlet adds that Solomon also offered the advice of Goldman Sachs a FTX in talks with U.S. regulators.
FTX awaits response from regulator
For its part, FTX has submitted a proposal to the Commodity Futures a futures contract is a standardized legal agreement to buy or sell a particular commodity or asset at a predetermined price at a specified time in the future. Trading Commission in March, which would allow it to directly settle trades for its derivatives clients. The regulator will give the proposal an informal hearing on May 23.
The two directors also talked about collaborating on market an area or arena, online or offline, in which commercial dealings are conducted. making in crypto trading, the media continues to say. Market making involves setting bid and ask prices for certain assets to facilitate trading and provide liquidity.
Dice Coindesk that the discussions demonstrate the growing interest that major financial institutions are taking in the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. industry after Goldman Sachs will lead the IPO of the cryptocurrency exchange Coinbase is an American company that operates a cryptocurrency exchange platform. last year.
It is also worth remembering that in March the bank made its first over-the-counter (OTC) transaction of Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. . And in April he stated that he was also preparing to make these OTC oTC, or ‘Over The Counter’ is trading that happens directly between two parties, with no exchanges or trading platforms involved. transactions with Ethereum a decentralized open-source blockchain with smart contracts functionality. . This indicates how the bank is increasingly immersed in the crypto world.
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