Billionaire SBF says FTX may one day buy Goldman Sachs and CME

Billionaire SBF says FTX may one day buy Goldman Sachs and CME


Hong-Kong-based billionaire Sam Bankman-Fried has stated that FTX may consider buying U.S. financial giant Goldman Sachs and exchanges such as Chicago Mercantile Exchange (CME) in the future.

Speaking with the Financial Times on July 14, Bankman-Fried stated that if FTX can become the top crypto exchange and supplant rivals such as Coinbase and Binance, the idea of purchasing giants such as Goldman Sachs and CME group is not off the table:

“If we are the biggest exchange, [buying Goldman Sachs and CME] is not out of the question at all.”

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The 29-year-old has an estimated net worth of $8.7 billion and is the founder and CEO of quantitative trading firm Alameda Research and CEO of the FTX crypto exchange.

According to data from Macrotrends, Goldman Sachs has an estimated market cap of $129 billion and the CME group has an estimated market cap of $75.5 billion.

While FTX has been growing rapidly, it’s not yet in the league of those giants.

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