Goldman Sachs Executes First-Ever Ether-Linked Derivative Trade - BitcoinEthereumNews.com
TeknolohiyaAng Goldman Sachs ay Nagsagawa ng Unang-Ether-Linked Derivative Trade06 / 13 / 2022Balita ng Ethereum ng Bitcoin Banking giant Goldman Sachs began trading a derivative asset tied to Ether on Monday. The asset is intended to provide investors with indirect exposure to Ether – the second-largest cryptocurrency by market cap. As reported by Bloomberg, the counterparty of the trade was Marex Financial – a London-based financial services firm. The move comes on a day when the entire crypto market – including Ether – has fallen to lows unseen since December 2020. The total market is now worth less than $1 trillion, with Bitcoins market cap below $450 billion. The trade arguably indicates a sense of long-term faith in crypto as an asset class, despite recent downturns. In January, the companys former CEO inamin that crypto is “happening” after being a longtime skeptic. In the past, the bulk of Goldmans crypto trading options has centered around Bitcoin-linked derivatives, after restarting such services in July of 2021. It became the first major US bank to alok a Bitcoin OTC options trade in March. Goldman anunsyado that it would soon offer cash-settled Ether trading options in April, and even inaangkin the crypto could surpass Bitcoin as a store of