According to Barron’s, Goldman Sachs, one of the leading U.S. investment banks, is in talks with cryptocurrency exchange FTX to begin offering cryptocurrency derivatives on the FTX US.
The exact timeline for the integration of crypto derivatives trading services is not known. However, the publication’s sources reported that this issue has already been resolved and the launch of the function will take place as soon as possible.
It was previously reported that FTX US will begin offering brokerage services for derivatives.
This will allow the crypto exchange to handle collateral and margin calls internally, rather than depending on “futures commission merchants” (FCMs).
The U.S. Commodity Futures Trading Commission (CFTC) believes the FTX proposal requires careful scrutiny because it would lead to a monopoly by large investment banks such as Goldman Sachs.