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Goldman Sachs Launches Bitcoin Derivatives Trading as ‘Institutional Demand Continues to Grow Significantly’

Investment bank Goldman Sachs has reportedly begun offering a bitcoin investment product to clients. The firm has opened up trading with non-deliverable forwards, a bitcoin derivatives product. To hedge against the cryptocurrency’s volatility, Goldman Sachs will trade bitcoin futures on CME Group.
Goldman Sachs Begins Offering Bitcoin Product to Clients
Investment bank Goldman Sachs “has opened up trading with non-deliverable forwards, a derivative tied to bitcoin’s price that pays out in cash,” Bloomberg reported Thursday.
The firm is protecting itself from bitcoin’s volatility by buying and selling bitcoin futures in block trades on CME Group Inc., using Cumberland DRW as its trading partner, the publication conveyed. The investment bank recently brought back its bitcoin trading desk and revealed in March that it plans to offer a full spectrum of bitcoin investment products.
Goldman Sachs’ Asia Pacific head of digital assets, Max Minton, explained that the firm’s new bi

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