The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
All Alt Coin

Goldman Sachs to Proceed Ahead with Offering Ethereum (ETH) Futures and Options

by Miki 06/15/2021
by Miki 06/15/2021 0 comment

Goldman Sachs executive said that the recent market rout provides a great opportunity to new entrants and its clients are showing greater interest in crypto-based products in recent times.

On Monday, June 14, Wall Street giant Goldman Sachs said that it will proceed ahead with offering Ethereum derivative products in the coming months. Mathew McDermott, head of digital assets at Goldman, informed Bloomberg about its plans.

This decision some just within three months of the banking giant launching its crypto trading desk earlier this year in March 2021. However, Goldman Sachs hasn’t announced any specific date of release for the Ethereum Futures and options. The Goldman executive said that looking at the current market rout, it is a good time to roll out the derivative products.

Currently, the banking giant is already offering public-traded futures tied to Bitcoin (BTC). McDermott noted that Goldman is also planning to facilitate trades via exchange-traded notes tracking Bitcoin and Ether. Despite all the regulatory actions going around, banking giants are stepping up efforts to offer crypto-related products to their clients.

As per Goldman’s survey, 61% of its clients are willing to increase their crypto asset holdings over the next year. In a phone interview with Bloomberg, McDermott said:

“We’ve actually seen a lot of interest from clients who are eager to trade as they find these levels as a slightly more palatable entry point. We see it as a cleansing exercise to reduce some of the leverage and the excess in the system, especially from a retail perspective.”

“Institutional adoption will continue. Despite the material price correction, we continue to see a significant amount of interest in this space,” added he.

Not Just Ethereum: Goldman Sachs Expanding Investment Options in Crypto

Mathew McDermott joined the Goldman board as the head of its digital assets unit last year. The executive has been very much instrumental in expanding Goldman’s footprint in the crypto industry. After McDermott joining, the banking giant has invested in a number of crypto start-ups.

Last month, Goldman was leading the $15 million fundraise in blockchain data provider CoinShares. Previously, it invested $5 million in Blockdaemon, a firm that creates and hosts the computer nodes that make up blockchain networks.

“We are looking at a number of different companies that fit into our strategic direction,” he said. Apart from just Goldman Sachs, other global banks are also dipping their toes into crypto. Standard Chartered recently announced its decision to offer the crypto trading option to customers. Cowen Inc. is also planning to offer institutional-grade custodial services to its clients.

next Altcoin News, , Commodities & Futures, Cryptocurrency news, Ethereum News

Thank you!

You have successfully joined our subscriber list.

Subscribe to our telegram channel. Join

Source link

Views: 0
AheadETHEthereumFuturesGoldmanOfferingOptionsProceedSachs
Share
0
FacebookTwitterPinterestEmail
previous post
AAVE & Sushiswap: How will these alts affect your portfolio?
next post
Bitcoin “on Track to Hit Six Figures in 2021”: Bloomberg

Related Posts

Are Solana’s bulls really strong enough to halt...

12/29/2021

IXFI Announces Launch of New-Age Exchange Platform

12/29/2021

Litecoin repeating history will have this effect on...

12/28/2021

More than just a game – what GameFi...

12/28/2021

Even as network hits one million users, FTT...

12/28/2021

Fintech Expert Makes Six Bold Predictions for Crypto...

12/28/2021

A recovery rally in play for Sushiswap, as...

12/28/2021

SEC Accused of Deliberately Trying to ‘Kill’ XRP...

12/28/2021

Recent gains may finally boost Aave’s dominance in...

12/28/2021

Santa Floki Price Rallies 5,000% after Elon Musk’s...

12/28/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • Canada Marks Launch Of First Bitcoin, Ethereum ETFs With Monthly Payouts

  • MicroStrategy Slumps as Bitcoin Fall Weighs on Recent Crypto Buys By Investing.com

  • Cardano could ‘once again blast off’ when THIS happens

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$30,333.003.06%
  • ethereumEthereum(ETH)$2,044.583.45%
  • tetherTether(USDT)$1.00-0.08%
  • binancecoinBNB(BNB)$324.182.93%
  • usd-coinUSD Coin(USDC)$1.00-0.01%
  • rippleXRP(XRP)$0.4217262.37%
  • Binance USDBinance USD(BUSD)$1.010.14%
  • cardanoCardano(ADA)$0.543.11%
  • SolanaSolana(SOL)$52.484.69%
  • dogecoinDogecoin(DOGE)$0.0864532.56%
  • polkadotPolkadot(DOT)$10.201.21%
  • AvalancheAvalanche(AVAX)$31.275.58%
  • Lido Staked EtherLido Staked Ether(STETH)$1,994.653.55%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$30,311.003.08%
  • tronTRON(TRX)$0.0776544.58%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • Shiba InuShiba Inu(SHIB)$0.0000122.28%
  • daiDai(DAI)$1.00-0.06%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • litecoinLitecoin(LTC)$71.662.54%
  • CronosCronos(CRO)$0.1954033.49%
  • LADZLADZ(LADZ)$0.0686894.36%
  • leo-tokenLEO Token(LEO)$5.022.40%
  • matic-networkPolygon(MATIC)$0.685.46%
  • NEAR ProtocolNEAR Protocol(NEAR)$6.243.51%
  • FTX TokenFTX Token(FTT)$30.732.14%
  • HederaHedera(HBAR)$0.389473-3.44%
  • bitcoin-cashBitcoin Cash(BCH)$197.862.98%
  • RareRare(RARE)$0.0461220.00%
  • moneroMonero(XMR)$190.4210.04%