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Goldman Sachs Plans to Offer Ether Options: Report
In March, the investment bank relaunched its cryptocurrency trading desk after a three-year hiatus.
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.
Read more: Goldman Sachs Offering Bitcoin Derivatives to Investors
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Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
