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Investment bank Goldman Sachs has launched Ethereum-based non-deliverable futures (NDF). CoinDesk writes about it. The tool gives institutional investors indirect access to the second largest cryptocurrency through capitalization.
Investment bank Goldman Sachs has launched Ethereum-based non-deliverable futures (NDF). CoinDesk writes about it.
The tool gives institutional investors indirect access to the second largest cryptocurrency through capitalization. London-based company Marex Financial acted as the investment bank’s trading partner.
The news came out against the background of a significant drop in the cryptocurrency market. The other day, Ethereum price dropped 15.3% (CoinGecko), current price is $1214.
In May 2021, Goldman Sachs offered Bitcoin-based NDF customers a fiat exchange.
Recall that in the spring of 2022, the investment bank issued the first loan secured in the form of the first cryptocurrency. The buyer was Coinbase.
Source: Fork Log
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