Goldman Sachs CEO David Solomon offered last month FTX CEO Sam Bankman-Fried help in organizing an IPO for the crypto exchange and dialogue with the CFTC, the FT reports citing its own sources.
In August 2021, FTX US acquired regulated cryptocurrency derivatives exchange LedgerX. At the same time, the head of the company’s division, Brett Harrison, promised to open access to crypto derivatives trading for clients.
In March this year, FTX filed an application with the CFTC to approve a leveraged sale of crypto derivatives to retail investors. In the document, the exchange asked for permission to settle transactions directly, excluding intermediaries like Goldman Sachs.
According to the newspaper, Solomon and Bankman-Fried discussed the participation of Goldman Sachs in the organization of the next rounds of financing and a potential IPO. The FTX CEO has not yet made a final decision on the second option.