• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Nexo

Goldman Sachs Begins Trading Ethereum-Linked Derivative Product

Anifowoshe Ibrahim by Anifowoshe Ibrahim
3 weeks ago
in Crypto News
0
Advertisement

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.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

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 first suggested 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.

Goldman sachs

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!
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.

Goldman’s action demonstrates institutional interest in cryptocurrencies at a time when the market is still reeling from the collapse of stablecoin TerraUSD (UST) and a bleak macroeconomic outlook.

Related article | Coinbase And Goldman Sachs Join Forces On First Bitcoin-Backed Loan 

Crypto Faces Regulatory Hurdles

Banks and other significant financial organizations are forming internal crypto working groups and trading desks, as well as developing future funds. Auditors and custody providers, for example, are already providing services and are aiming to expand. Traditional huge payment companies aren’t waiting for disruption to happen to them: In the most recent quarter, Visa’s crypto-linked credit card usage was $2.5 billion, thanks to 65 crypto-wallet partners.

The largest challenge the crypto sector has and has been campaigning for a solution to is more regulatory certainty, which would imply fewer risk and compliance worries and even more adoption. The executive order signed by US President Joe Biden highlighted a coordinated approach by US government agencies to better understand and give future legal certainty for digital assets.

The SEC may be interested in crypto trading platforms and tokens, as head Gary Gensler has stated that they are similar to regular securities and must follow the same laws.

The Financial Conduct Authority in the United Kingdom has also indicated that crypto regulation will be tightened. Meanwhile, European politicians have just passed a widely panned bill that will make all anonymous crypto transactions illegal, a move that crypto industry participants fear will hinder privacy and innovation. Government and regulators recognize they need to do something, according to Noah Perlman, COO of Gemini Exchange, so they either say they’ll conduct a study or claim they’re putting a plan in place for a plan.

Related reading | Wall Street Giant Goldman Sachs Makes History, Offers First Bitcoin-Backed Loan

Featured image from Getty Images, chart from TradingView.com
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Anifowoshe Ibrahim

Anifowoshe Ibrahim

Related Posts

Crypto Lender Vauld Halts Withdrawals As Stress Mounts On Crypto Industry

Crypto Lender Vauld Halts Withdrawals As Stress Mounts On Crypto Industry

53 mins ago
BlockFi FTX

BlockFi Clears Up Rumors, Crypto Exchange FTX Will Have $240 Million Purchase Option

3 days ago
crypto liquidations

Crypto Market Liquidations Surges Past $250 Million As Bitcoin Declines Below $20,000

3 days ago
Crypto

This Is Why CoinFlex May Not Resume Crypto Withdrawals This Thursday

3 days ago
Crypto

Coinbase Plans Overseas Expansion, Seeks Licenses In Europe

3 days ago
Grayscale

Grayscale Investments Sues SEC Over Bitcoin ETF Denial

4 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.