Goldman Sachs Plans to Offer Ether Options: Report

Goldman Sachs Plans to Offer Ether Options: Report

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.
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