NBW News Goldman Sachs Is In Talks With Crypto Exchange FTX to Make Derivatives Trading Deal
- Goldman Sachs is in talks with crypto exchange FTX to integrate some aspects of their derivatives businesses, according to a person familiar with the matter.
- Commitments to integrate with FTX could include trading futures directly, introducing clients and acting as an on-ramp to the exchange, or providing capital top-ups for clients, according to another person familiar with the matter.
- FTX’s proposals to integrate derivatives trading in-house threatens to disintermediate brokerages, challenging a corner of the market dominated by firms like Goldman.
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