FTX May Take Over Goldman Sachs and CME
In an interview with the Financial Times, FTX chief executive Sam Bankman-Fried said FTX could take over Goldman Sachs or CME as soon as it overtakes its rivals, Coinbase and Binance, the FTX chief said.
Before that, in an interview with Nikkei Asia, Bankman-Fried said that after the current investment round, the estimated value of the crypto exchange could reach $20 billion. For example, the market value of Goldman Sachs is about $135 billion, and CME is about $76 billion.
Also, the cryptocurrency company previously considered the possibility of entering the exchange, but so far the movement in this direction has been suspended.
By going public, FTX will raise its profile, Bankman-Fried said. Recall that so far, of the cryptocurrency trading platforms, only Coinbase is traded on the exchange. At the same time, at the debut auction, Coinbase’s valuation exceeded $100 billion. At the time of writing, the market capitalization of the exchange is $50.7 billion, and the cost of one COIN share is ~ $243 (-25.8% since the beginning of the year).