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American investment bank Goldman Sachs is reportedly onboarding some of its derivatives products to its platform in partnership with FTX.US.
Source: Cointelegraph
BTCUSD is down -0.42%
The integration of the derivative services will provide trading futures directly, introducing clients and playing as an on-ramp to the exchange of offering capital top-ups for customers.
FTX maintains that an integrated brokerage model makes the market more free and stable despite most regulators in the US and Europe opposing cryptocurrency leveraged trading.
FTX.US is preparing to offer brokerage services for its derivatives offerings to enable the exchange to manage collateral and margin requirements free from dependence on futures commission merchants.
The US Commodity Futures Trading Commission has welcomed public opinion on the requested amendment from the crypto exchange. The regulatory body thinks that the FTX proposals need to be checked to avoid a monopoly by large banks like Goldman.
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