Goldman Sachs Begins Trading Ethereum-Linked Derivative Product - BitcoinEthereumNews.com
Ethereumगोल्डमैन सैक्स ने एथेरियम-लिंक्ड डेरिवेटिव उत्पाद का व्यापार शुरू किया06 / 13 / 2022बिटकॉइन एथेरियम समाचार 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 फिर से लॉन्च किया its crypto activities, with the core of its services focusing around derivatives tied to cryptocurrencies like bitcoin. Goldman has started a derivatives product related to the price of ether, against a chaotic backdrop – the prospect of an ETH-linked derivative product was पहले सुझाव दिया by the firm in June 2021. This was Goldman‘s first over-the-counter (OTC) non-deliverable forward (NDF) crypto trade on ether, according to a statement released on Monday, with Marex serving as the counterparty. The trade was organized by Marex Solutions, Marex’s hedging and investment solutions division. ETH/USD plunges to 2-year low. Source: TradingView A non-deliverable forward (NDF) is a derivative contract that allows the holder to gain exposure to an asset without actually owning it. This pays out in cash at the time of settlement, dependent on the price of ether. Goldmans action demonstrates institutional interest in cryptocurrencies at a time when the market is still reeling from