.GoldmanSachs executed its first trade of a type of derivative tied to ether. By parikshitm899.
Goldman Sachs has started trading a type of derivative tied to ether , Bloomberg reported on Monday,
The Wall Street giant executed its first Ethereum non-deliverable forwards, a derivative that pays out based on the price of ether and offers institutional investors indirect exposure to the cryptocurrency, the report said.The move by Goldman indicates institutional appetite for cryptocurrencies at a time when the market is reeling from the fall of stablecoin TerraUSD and poor macroeconomic outlook.
Goldman Sachs and Marex Financial were not immediately available for comment when contacted by CoinDesk.
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