Reports suggest that Goldman Sachs is already offering bitcoin derivatives

According to a new report, the investment firm is now offering trading in non-deliverable futures contracts.

The investment banking giant, Goldman Sachs would have opened Bitcoin futures trading for Wall Street executives.

according to Bloomberg Law, The investment firm started the offer last month Operations with non-deliverable futures, a derivative tied to the price of Bitcoin (BTC), At the time of this writing, approximately $ 56,000 for investors to receive payments in fiat. Apparently, Goldman Sachs is lowering your risk in the face of the infamous volatility of crypto assets by buying and selling Bitcoin futures in block trades on the Chicago Mercantile Exchange or CME Group. using the Cryptocurrency Trading Unit from DRW Holdings, Cumberland.

Reports suggest that Goldman Sachs is already offering bitcoin derivatives
Reports suggest that Goldman Sachs is already offering bitcoin derivatives

Apparently, Goldman increased its exposure to the crypto market following the surge in token prices and the introduction of cryptocurrencies by institutional players like Tesla. Rumors continued that The investment firm plans to set up a cryptocurrency trading desk after first announcing one in Bull Run 2017.

This story is under development and will be updated asap.

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