Top-tier US-based investment bank Goldman Sachs is reportedly planning for a push in the derivatives market, via onboarding a few of its own into FTX.US crypto derivatives services.

Specifically, Goldman Sachs has reportedly holding discussions with FTX regarding regulatory and public listing assistance, as well as working towards its expansion into the introduction of crypto derivatives,  via utilizing a few of its self-developed derivatives tools and services.

FTX.US – the division in America of international crypto exchange FTX – is reportedly having plans down its pipelint to roll out brokerage offerings for its derivatives services at the moment. 

This development would reportedly pave the way for the crypto exchange to deal with collateral and margin requirements internally, instead of needing the help on “futures commission merchants” (FCMs). 

“We have multiple FCMs already committed to integrating technologically with the exchange. There are several large ones you can probably name.” FTX.US president Brett Harrison additionally remarked. 

The U.S. Commodity Futures Trading Commission (CFTC) has reportedly opened up to receive remarks from the public regarding the requested changes from the crypto exchange. The chief regulatory body also shares a belief that FTX’s proposal warrants scrutiny since it would result in a monopoly by large investment banks like Goldman.

As revealed by individuals that learned of the details of the situation, the integration of Goldman Sachs derivatives services would provide “trading futures directly, introducing clients and acting as an on-ramp to the exchange, or providing capital top-ups for clients.”

Per FTX previous argument, an integrated brokerage model would offer assistance in amplifying the stability and freedom level of the market. In a recent roundtable talk held with the CFTC, CEO Sam Bankman-Fried fielded a few inquiries related to crypto derivatives and FTX’s proposal to integrate its own FCM.