A 29-year old crypto billionaire has Goldman, CME Group in his crosshairs as his exchanges aims to surpass Coinbase
That is the feeling that one might glean from Sam Bankman-Fried as he explains, in an interview with the Financial Times, that financial giants like Goldman Sachs GS, -2.29% and exchange platform CME Group CME, -0.52% may be future acquisition targets for his relatively upstart crypto exchange FTX.
Bankman-Fried is aiming for a valuation of $20 billion for FTX, in his most recent funding round, according to the FT. FTX, a cryptocurrency unicorn that offers derivative trading services with offices in Hong Kong and the U.S., is the fourth-largest global crypto exchange, according to CoinMarketCap.com.
Coinbase, meanwhile, has a market capitalization of about $50 billion, if Bankman-Fried would consider lowering his sights. Coinbase went public back in April but has seen a tough road as a publicly traded company thus far.
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