Goldman Sachs Launches New Bitcoin Derivatives

Goldman Sachs has introduced new Bitcoin derivatives for its customers

U.S. banking giant Goldman Sachs has started offering non-deliverable forward contracts hedged with help of CME Group’s Bitcoin futures that will be offered to Wall Street investors, according to Bloomberg’s Matt Leising.

As reported by U.Today, Goldman Sachs COO John Waldron predicted an “explosion” in demand for cryptocurrencies in March.

Earlier this year, the bank re-launched its crypto trading desk and announced its plan to dabble in crypto custody.

Goldman has also spearheaded a $15 million funding round in cryptocurrency data analytics startup CoinMetrics.

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