Goldman Sachs to Begin Offering Bitcoin Derivatives to Investors
The red-hot crypto market has shown little to no signs of slowing down, and banks are starting to take notice. As Bitcoin and other major cryptos such as Ethereum rallied to record highs, institutional demand has also been on the rise. Goldman Sachs was one of the “earlier” adopters of the crypto space, exploring potential […]
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Investment bank Goldman Sachs has reportedly begun offering a bitcoin investment product to clients. The firm has opened up trading with non-deliverable forwards, a bitcoin derivatives product. To hedge against the cryptocurrency’s volatility, Goldman Sachs will trade bitcoin futures on CME Group. Goldman Sachs Begins Offering Bitcoin Product to Clients Investment bank Goldman Sachs “has opened up trading with non-deliverable forwards, a derivative tied to bitcoin’s price that pays out in cash,” Bloomberg reported Thursday. The firm is protecting itself from....
Goldman Sachs has revealed that it will be offering bitcoin investments to its wealth management clients. The investment bank reportedly plans to offer a “full spectrum” of bitcoin investments, “whether that’s through the physical bitcoin, derivatives or traditional investment vehicles.” Goldman Sachs to Begin Offering Bitcoin Investments to Wealthy Clients Goldman Sachs is the second major bank to say that it will be offering its wealthy clients access to bitcoin investments. CNBC reported on Wednesday that the bank is close to offering its first investment....
Goldman Sachs is offering non-deliverable forwards based on bitcoin’s price and unveiled a new desk that’s trading bitcoin derivatives.
A former employee of Goldman Sachs and BNP Paribas SA has started his own bitcoin exchange based in Japan, and according to a Tuesday report published by Bloomberg Businessweek, he's already managed to receive a sizable investment. The formation of Yuzo Kano's bitFlyer began at the start of the year, just before the disastrous collapse of Mt. Gox in February. Kano worked at Goldman Sachs beginning in 2001 (having graduated from Tokyo University with a degree in fluid dynamics) right out of college as an analyst, eventually moving to BNP Paribas SA to begin a trading career. Eventually, he....
Bloomberg reported on Monday that Goldman Sachs has begun trading a sort of derivative linked to Ethereum. Goldman Sachs Launches Derivative Product As a torrent of institutional money entered the market in 2021, the investment bank relaunched its crypto activities, with the core of its services focusing around derivatives tied to cryptocurrencies like bitcoin. Goldman […]