Goldman Sachs’ crypto trading desk expands to Ether
Cointelegraph
Published Jun 14, 2021 02:00PM ET
Updated Jun 14, 2021 03:40PM ET
United States investment bank Goldman Sachs (NYSE:GS) is planning to offer Ether (ETH) derivatives products in the coming months, setting the stage for wider adoption of the second-largest cryptocurrency and marking a significant departure from the institution’s critical stance on digital assets in the past.
Mathew McDermott, Goldman’s managing director of digital assets, confirmed Monday that the investment bank is expanding into Ether options and futures. In an interview with Bloomberg News, McDermott said institutional demand for cryptocurrencies will continue to grow despite the recent bout of market volatility:
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Written By: Cointelegraph
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