Goldman Sachs Plans to Offer Ether Options: Report
In March, the investment bank relaunched its cryptocurrency trading desk after a three-year hiatus.
Jun 14, 2021 at 4:59 p.m. UTCUpdated Aug 21, 2021 at 7:15 p.m. UTC
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Goldman Sachs plans to offer investors options and futures trading in ether, according to a report on Monday.
- The investment bank plans to offer trading in ether the months ahead, Mathew McDermott, head of digital assets at Goldman Sachs, told Bloomberg.
- In May, CoinDesk reported that Goldman Sachs had started to offer investors access to non-deliverable forwards (NDFs), a derivative tied to bitcoin’s price that pays out in cash.
- McDermott said that clients see the recent rout as a good entry point and that the bank also plans to facilitate trades with exchange-traded notes that track ether.
- In March, Goldman Sachs relaunched its cryptocurrency trading desk after a three-year hiatus, with plans to once again support trading in bitcoin futures.
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