Goldman Sachs launched cryptocurrency derivatives


The largest investment firm Goldman Sachs is already offering a small number of clients a new bitcoin derivative, but not in a hurry to launch other products related to cryptocurrency market, announced the publication Block.

According to the source Block, Goldman Sachs is already working with several clients in the new product, which was developed last months bitcoin non-deliverable forward, which is associated with the futures derivative.

Earlier this month, the Abacus edition of the Journal reported that Goldman Sachs is “actively considering the creation of a” non-deliverable forward for the ETH, however, familiar with the progress of Affairs in the company a source Block denied this information. If even Goldman Sachs would consider the launch of this product, due to the fact that the Ethereum futures not yet represented on any of the regulated U.S. exchanges, the implementation of the project would be called into question.

According to the source, clients of Goldman Sachs are not necessarily interested in launching new products, that doesn’t mean they’re not interested in new markets. On the contrary, many clients seek advice regarding how best to enter into the cryptocurrency market. He also confirmed that the Bank is considering the possibility of providing custodial services to clients.

The head of another investment company BlackRock Larry Fink, in July, however, he said that his customers show zero interest in the cryptocurrency markets

“I am sure that none of our customers have no desire to go to the stock market”

However earlier, several employees of the investment Fund BlackRock in London filed notices of dismissal in order to run your own Fund, which will focus solely on blockchain decisions and investments in the cryptocurrency.

In mid-October, Goldman Sachs and Galaxy Digital Ventures jointly invested 15 million dollars in service of secure storage of cryptocurrency BitGo Holdings Inc after in September, the division BitGo Trust received permission from regulators to provide institutional investors with the services of safe storage of digital currencies.

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