{"id":274371,"date":"2021-06-14T21:00:00","date_gmt":"2021-06-14T18:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/goldman-sachs-crypto-trading-desk-expands-to-ether\/"},"modified":"2021-06-14T21:00:00","modified_gmt":"2021-06-14T18:00:00","slug":"goldman-sachs-crypto-trading-desk-expands-to-ether","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/goldman-sachs-crypto-trading-desk-expands-to-ether\/","title":{"rendered":"# Goldman Sachs\u2019 crypto trading desk expands to Ether"},"content":{"rendered":"<p>&#8220;<strong># Goldman Sachs\u2019 crypto trading desk expands to Ether <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvYjE1YjYwODQtMjBlMS00MWU4LTk3YTYtODIwNTQ2ZGYxMzhjLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>United States investment bank Goldman Sachs\u00a0is 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\u2019s critical stance on digital assets in the past.\u00a0<\/p>\n<p>Mathew McDermott, Goldman\u2019s managing director of digital assets, confirmed Monday that the investment bank is expanding into Ether options and futures. In an interview with Bloomberg <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a>, McDermott <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-06-14\/goldman-expands-in-crypto-trading-with-plans-for-ether-options\">said<\/a> institutional demand for cryptocurrencies will continue to grow despite the recent bout of market volatility:<\/p>\n<blockquote><p>\u201cInstitutional adoption will continue. [&#8230;] Despite the material price correction, we continue to see a significant amount of interest in this space.\u201d<\/p><\/blockquote>\n<p>McDermott referenced a survey of 850 institutions last week in which nearly 10% of respondents said they are trading crypto, and 20% are interested in entering the market. <\/p>\n<p>Institutional inflows into Ether products have amounted to nearly $1 billion this year alone, with total assets worth roughly $11.1 billion, according to CoinShares.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Reports suggest Goldman Sachs is now offering Bitcoin derivatives<\/em><\/strong><\/p>\n<p>Goldman launched a limited Bitcoin (BTC) derivatives trading desk in early May. The new outfit is embedded within the bank\u2019s Global Currencies and Emerging Markets division and is overseen by McDermott\u2019s digital-asset unit.<\/p>\n<p>Goldman\u2019s embrace of digital assets goes far beyond its trading desks. As Cointelegraph reported, the bank recently led a $15 million investment round for Coin Metrics, a leading cryptocurrency intelligence platform. McDermott said Goldman is \u201clooking at a number of different companies that fit our strategic direction.\u201d<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/goldman-sachs-crypto-trading-desk-expands-to-ether\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Goldman Sachs\u2019 crypto trading desk expands to Ether &#8221; United States investment bank Goldman Sachs\u00a0is 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\u2019s critical stance on digital assets in the past.\u00a0 Mathew McDermott,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":274372,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvYjE1YjYwODQtMjBlMS00MWU4LTk3YTYtODIwNTQ2ZGYxMzhjLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,82402,71939,117,70790],"class_list":["post-274371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-ether-price","tag-banks","tag-business","tag-goldman-sachs"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/274371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=274371"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/274371\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/274372"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=274371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=274371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=274371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}