New Bitcoin Derivatives Brokerage Launched by Ex-Goldman Sachs Director
Crypto Facilities launches a Bitcoin Derivatives Platform. Bitcoin brokerage Crypto Facilities announced the launch of a bitcoin derivatives trading platform found at cryptofacilities.com. The Bitcoin firm that is based in London is run by a former Goldman Sachs director, Dr. Timo Schlaefer. Forward Contracts - Ideal for Bitcoin. In the announcement, the Crypto Facilities said that they would begin trading in Bitcoin derivatives with a forward contract on the dollar price of Bitcoin. A forward contract is much the same as a futures contract, save for the manner in which they are traded. A....
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Crypto Facilities Ltd., a London-based broker founded by former Goldman Sachs Executive Director Timo Schlaefer, has announced the launch of its bitcoin derivatives trading platform. In financial jargon, a derivative is a contract that derives its value from the performance of an underlying entity, in this case the exchange value of bitcoin. Crypto Facilities trades financial products such as bitcoin options and futures, allowing users to "go long" and bet that the price of bitcoin will rise, or "go short" and bet the price will fall. The first derivative offered by Crypto Facilities is a....
Goldman Sachs is offering non-deliverable forwards based on bitcoin’s price and unveiled a new desk that’s trading bitcoin derivatives.
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