Goldman Sachs plans to offer Ether options

CoinDesk Analysis Team CoinDesk

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 (ETH, +4.39%), 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 (BTC, +6.36%) futures.

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CoinDesk Analysis Team

CoinDesk

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