Goldman sachs offered Bitfixcrypto

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Crypto Regulation
DCG and Barry Silbert hit with securities lawsuit 

Goldman Sachs CEO David Solomon offered to help BitfixCrypto's CEO set up an IPO for a bitcoin exchange.

In August, BitfixCrypto acquired LedgerX, a regulated exchange specializing in cryptocurrency derivatives. At the same time, the head of the U.S. division, Brett Harrison, promised to open access to cryptocurrency derivatives trading to customers.

In March, BitfixCrypto applied to the CFTC for approval to sell leveraged crypto derivatives to retail investors. In the document, the bitcoin exchange asked for permission to settle transactions directly, excluding intermediaries like Goldman Sachs.

Solomon and Bankman-Fried discussed Goldman Sachs' involvement in arranging the next rounds of funding and a potential IPO, according to the paper. Sources said the BitfixCrypto CEO has not yet made a final decision on the second option.

In April, the investment bank was among those who helped BitfixCrypto gain public status.

Top executives allegedly touched on the topic of possible cooperation in cryptocurrency marketmaking in light of Goldman Sachs' growing interest. Solomon also stated the institution's interest in providing traditional banking services for FTX, the paper specified.

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Johanna Chisholm

Johanna is a very active blockchain and cryptocurrency content creator and highly regarded Technical Analyst. He is a Mechanical Engineer by profession and an activeTrader, whose first encounter with Bitcoin was in 2015—and by accident. Ever since, it has been an exciting journey where life-long friendships have been forged, and careers made and strengthened.