Goldman Offers New Bitcoin Derivatives to Investors
The Goldman Sachs Group has stepped deeper into the $ 1 trillion Bitcoin market by offering investors new derivatives. Started non-deliverable forward (NDF) trading linked to Bitcoin price. Utilize Cumberland DRW as a trading partner and hedge by buying and selling Bitcoin futures by block trading in CME Group. Although not yet active in the Bitcoin spot market, it began offering derivatives to investors last month. No announcement was made. “Institutional demand continues to grow significantly in this area, and we can expand our capabilities by partnering with partners like Cumberland,” he said. Goldman resumed trading desk for crypto assets (virtual currency) this year. In March, it explained that it would soon provide investment vehicles for crypto assets such as Bitcoin to customers in the asset management department for the wealthy.