TechFlow news — According to the Financial Times, FTX CEO Sam Bankman-Fried said in an interview that if FTX overtakes rivals like Coinbase and Binance to become the world's largest cryptocurrency exchange, he would consider acquiring a traditional financial heavyweight such as Goldman Sachs or CME Group. However, he noted this goal remains distant. FTX is seeking a valuation of around $20 billion in its latest funding round, compared to Goldman Sachs' market capitalization of nearly $135 billion and CME's of approximately $76 billion. Rival Coinbase also has a market cap of about $76 billion. Bankman-Fried emphasized that FTX currently has no shortage of funds and is not rushing toward an IPO. While he did not disclose the size of the new funding round, he indicated the capital would most likely be used for acquisitions aimed at capturing retail investors and expanding the company's influence. He believes traditional finance and digital currencies will coexist and complement each other, and while regulation is inevitable, it will take years for a global regulatory framework to take shape.
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