New Crypto Products from Goldman Sachs
Goldman Sachs has opened futures trading for Bitcoin. The company has already start issuing forwards, a different derivative product, where investors can pay with fiat currencies. The use of derivative products is usual when there is a need for hedge in the investment positions of an investor, developing a contrarian position from the initial one.
Using those derivatives will become a crucial factor in crypto trading’s development from large companies in the sector. Indeed, Goldman Sachs has started its cryptocurrency trading office from March 2021 while it has applied for an ETF in the SEC that will include exposure in Bitcoin.
Every day we see that the financial world is coming closer to the crypto world.