Goldman sachs offered Cryptodezox

by
Crypto Regulation
DCG and Barry Silbert hit with securities lawsuit 

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

In August, CryptoDezox 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, CryptoDezox 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 CryptoDezox CEO has not yet made a final decision on the second option.

In April, the investment bank was among those who helped CryptoDezox 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.

Read more about

Martyn Landi

Martyn Landi is a savvy blockchain content writer with about 5 years of experience. He helps crypto brands gain visibility by creating content with a tone, voice, and style that aligns with their vision and goals. When he is not writing or tweeting about cryptocurrencies, NFTs, web3, or metaverse, he is either cycling, watching movies, or reading other content.