Goldman Sachs offers bitcoin derivatives to investors – Bloomberg News By Reuters – Investing.com
- Date: 07-May-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Goldman Sachs offers bitcoin derivatives to investors – Bloomberg News By Reuters – Investing.com
(Reuters) - Goldman Sachs Group Inc (NYSE:) is allowing Wall Street investors to trade with a derivative tied to bitcoin prices, Bloomberg News reported on Thursday.
Goldman, the fifth-largest U.S. bank, has opened up trading with non-deliverable forwards that eventually pay out in cash, the report said.
The bank will protect itself from the cryptocurrency's volatility by buying and selling futures in block trades on CME Group (NASDAQ:) using Cumberland DRW as its trading partner, according to the report.
Select Sector 
Select Country 
