Goldman Sachs Mulling Over Offering ETH Options, As Per Report

Goldman Sachs is mulling over offering options and futures trading in ETH cryptocurrency to investors, as per a report published on Monday. In the month of March, the investment bank relaunched its digital asset trading desk after a 3-year break.

Mathew McDermott, the head of digital assets at Goldman Sachs, told Bloomberg that the investment bank is planning to offer trading in ether derivative products in the ensuing months.

Last month, several crypto media outlets reported that Goldman Sachs had commenced offering investors access to non-deliverable forwards (NDFs), which is a derivative tied to the underlying price of Bitcoin that pays out in cash.

McDermott mentioned that clients see the latest retreat in prices as a suitable entry point and that the bank also intends to assist trades with exchange-traded notes that track ETH.

It is to be noted that the investment bank relaunched its virtual asset trading desk in the month of March, subsequent to a 3-year suspension. Moreover, the firm is planning to once again support trading in Bitcoin futures.