Bitcoin
$62,204.55+1.27%
Ethereum
$3,017.48+0.64%
Binance Coin
$541.49+0.75%
Solana
$136.45+3.39%
XRP
$0.49220073-0.34%
Toncoin
$6.44+5.96%
Dogecoin
$0.14727881+0.04%
Cardano
$0.44820322+0.48%
Shiba Inu
$0.000022110.00%
Avalanche
$33.90+0.28%
Tron
$0.10884454-0.68%
Wrapped Bitcoin
$61,243.45+1.68%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Consensus 2024Price Increase Extension Ends In
01
DAY
18
HR
36
MIN
16
SEC
Markets

Goldman Sachs Plans to Offer Ether Options: Report

In March, the investment bank relaunched its cryptocurrency trading desk after a three-year hiatus.

By Tanzeel Akhtar
AccessTimeIconJun 14, 2021 at 4:59 p.m. UTC
Updated Feb 10, 2023 at 2:48 p.m. UTC
CoinDesk placeholder image
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Goldman Sachs plans to offer investors options and futures trading in ether, according to a report on Monday.

  • The investment bank plans to offer trading in ether the months ahead, Mathew McDermott, head of digital assets at Goldman Sachs, told Bloomberg.
  • In May, CoinDesk reported that Goldman Sachs had started to offer investors access to non-deliverable forwards (NDFs), a derivative tied to bitcoin’s price that pays out in cash.
  • McDermott said that clients see the recent rout as a good entry point and that the bank also plans to facilitate trades with exchange-traded notes that track ether.
  • In March, Goldman Sachs relaunched its cryptocurrency trading desk after a three-year hiatus, with plans to once again support trading in bitcoin futures.

Read more: Goldman Sachs Offering Bitcoin Derivatives to Investors

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Tanzeel Akhtar
Tanzeel Akhtar

Tanzeel Akhtar is a reporter based in London,UK.

Follow @Tanzeel_Akhtar on Twitter

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.