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BREAKING: Goldman Sachs Launches New Bitcoin Derivatives

1 Mins read

U.S. banking giant Goldman Sachs has started offering non-deliverable forward contracts hedged by CME Group’s Bitcoin futures to Wall Street investors, according to Bloomberg’s Matt Leising.

Source: u.today

As reported by U.Today, Goldman Sachs COO John Waldron predicted an “explosion” in demand for cryptocurrencies in March.

Earlier this year, the bank re-launched its crypto trading desk and announced its plan to dabble in crypto custody.

Goldman has also spearheaded a $15 million funding round in cryptocurrency data analytics startup CoinMetrics.

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