Goldman Sachs Plans to Offer Ether Options: Report
14 Jun, 2021•1 min read•Ethereum
Investment bank Goldman Sachs Group plans to offer investors options and futures trading in ether, according to a report.
The bank plans to offer trading in ether the months ahead, Mathew McDermott, the head of digital assets at Goldman Sachs told Bloomberg. In May, it emerged that Goldman Sachs had started offering investors access to non-deliverable forwards (NDFs), a derivative tied to bitcoin’s price that pays out in cash McDermott said clients see the recent rout as a good entry point and that the bank also plans to facilitate trades via exchange-traded notes tracking ether. In March, Goldman Sachs relaunched its cryptocurrency trading desk after a three-year hiatus, with plans to once again support bitcoin futures trading.